On average, listings lease in the $30's per square foot per year. The Mountlake Terrace region is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Mountlake Terrace region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 77 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Mountlake Terrace are subleases, so you will probably have to consider a longer term lease. 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 6,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1987 and are Class B.
Real time and historical data on commercial real estate listings in Mountlake Terrace.
Get email notifications when new listings are posted that match your requirements.