The typical asking rate per listing is in the $10's per square foot per year. The Downtown Kent submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 37% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Kent submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 22 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Downtown Kent 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1992 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Downtown Kent work from home. 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 Downtown Kent.
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