Most listings are in the $30's per square foot per year. The East Main submarket is going through a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the East Main submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 34 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 26% of the listings in the East Main 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.
Even though the median size is 8,410 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 11 floors. Most buildings in this region were built in 1979 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Most of the residents of East Main work from home. Commuting approximately 30 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 East Main.
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