The typical asking rate per listing is in the $40's per square foot per year. The SoDo submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 95% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the SoDo region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 600% of the office spaces in the SoDo 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 14,800 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1947 and are Class A.
Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst SoDo occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.