The typical asking rate per listing is in the $40's per square foot per year. The Downtown Seattle submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Seattle submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 126 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the available space in the Downtown Seattle are subleases, so you might be able to snag a great spot on a short term. 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 5,700 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 7 floors. Most buildings in this region were built in 1939 and are Class A.
This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Downtown Seattle residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.