University Place Industrial Space

University Place

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,960

University Place Rates

Most listings are in the $20's per square foot per year. The University Place region is experiencing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the University Place submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

University Place Listing Supply

In the last 90 days, 17 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 12% of the office spaces in the University Place are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,960 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1985 and are Class B.

University Place Community

Market Data

Real time and historical data on commercial real estate listings in University Place.
Research