On average, listings lease in the $30's per square foot per year. The Merrill Field submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year.
In the last 90 days, 6 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Merrill Field 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1992 and are Class B.
Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Merrill Field folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Merrill Field.
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