On average, listings lease in the $40's per square foot per year. The Broadway submarket is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Broadway submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have come on the market, which means office spaces 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 610 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1919 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the residents of Broadway work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.