The typical asking rate per listing is in the $30's per square foot per year. The Harbour Pointe submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Harbour Pointe region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 36 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings in the Harbour Pointe 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 800 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 2001 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Harbour Pointe folk. Commuting close to 20 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 Harbour Pointe.
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