On average, listings lease in the $30's per square foot per year. The Northeast Seattle region is going through a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northeast Seattle region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 70 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Northeast Seattle are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,300 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Seattle occupants. Commuting between 30 and 45 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 Northeast Seattle.
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