On average, listings lease in the $30's per square foot per year. The Central District region is seeing a a rise in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Central District region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available space in the Central District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,740 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this region were built in 1926.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Central District occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.