The typical asking rate per listing is in the $50's per square foot per year. The Convention Civic submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,710 sqft. Most buildings in this area are around 24 stories. Most buildings in this area were built in 1982 and are Class A.
Professional services is the dominant industry in this region. Most of the residents of Convention Civic work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.