The typical asking rate per listing is in the $40's per square foot per year. The Capitol Hill region is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Capitol Hill 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, 10 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,990 sqft. Most properties in this region are around 3 stories. Most buildings in this region 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. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Capitol Hill occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.