Most listings are in the $30's per square foot per year. The Convention Civic submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,190 sqft. Most properties in this region are approximately 24 stories. Most buildings in this market were built in 1982 and are Class A.
Professional services is the dominant industry in this area. Most of the residents of Convention Civic work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.