The typical asking rate per listing is in the $40's per square foot per year. The Seattle Central Business District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Seattle Central Business District submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 37 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 32% of the listings in the Seattle Central Business 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,160 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 20 stories. Most buildings in this region 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.