On average, listings lease in the $50's per square foot per year. The Central Seattle region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Central Seattle submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means listings are probably 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 240 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 2001 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Seattle folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.