The typical asking rate per listing is in the $30's per square foot per year. The Belltown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Belltown region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 39 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the office spaces in the Belltown 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most properties in this market are approximately 6 floors. Most buildings in this region were built in 1965 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Belltown work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.