Most listings are in the $40's per square foot per year. The City Center South region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the City Center South submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the City Center South are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most properties in this area are close to 7 floors. Most buildings in this region were built in 1979 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst City Center South residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.