On average, listings lease in the $20's per square foot per year. The Interbay submarket is going through a decline in rates. In the last 3 months, the median rate decreased $48 per sqft per year. That's a 68% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Interbay submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 11 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 45% of the listings in the Interbay 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,170 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1992 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Interbay residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.