The lease listing for one of Capitol HIll’s more unusual commercial spaces

Prospective new Capitol Hill businesses could have an easier time securing a fair lease under new legislation under consideration by the Seattle City Council.

Proposed by the Office of Economic Development and sponsored by Human Services, Labor, and Economic Development Committee chair Alexis Mercedes Rinck, the commercial lease transparency ordinance requires landlords to disclose critical property data before tenants sign agreements.

For dense, historic commercial corridors like Capitol Hill where restaurants, bars, and retailers frequently lease older spaces with aging infrastructure, the measure would introduce new transparency rules for lease agreements. Continue reading →