The typical asking rate per listing is in the $0's per square foot per year. The First Hill region is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 5 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the First Hill are subleases, so you might be able to find a shorter term or below market rent. 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 sqft. Most buildings in this region are approximately 7 floors. Most buildings in this market were built in 1970 and are Class A.
Professional services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst First Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.