Compared to the rest of the Seattle Metropolitan Area market, the Pioneer Square region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 18 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 39% of the available space in the Pioneer Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,762 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 6 stories. Most buildings in this area were built in 1904 and are Class B.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pioneer Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.