The typical asking rate per listing is in the $40's per square foot per year. The Belltown submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Belltown submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the available leases in the Belltown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 6 stories. Most buildings in this market 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 occupants of Belltown work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.