The typical asking rate per listing is in the $20's per square foot per year. The Industrial District submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the office spaces in the Industrial District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1949 and are Class A.
Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Industrial District occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.