The typical asking rate per listing is in the $40's per square foot per year. The City Center North region is experiencing a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the City Center North region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,340 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 6 floors. Most buildings in this region were built in 1970.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the residents of City Center North work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.