The typical asking rate per listing is in the $60's per square foot per year. The Convention Civic submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Convention Civic region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Convention Civic are subleases, so you will probably have to consider a longer term lease. 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 3,960 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 24 stories. Most buildings in this area 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 around 20 minutes a day is the norm for those who opt to reside in this part of town.