On average, listings lease in the $40's per square foot per year. The Seattle Central Business District region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 117 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Seattle Central Business District are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 12,330 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 20 floors. Most buildings in this area were built in 1929 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Seattle Central Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.