On average, listings lease in the $30's per square foot per year. The Minor submarket is going through a a boost in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Minor submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 18 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Minor 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 3,740 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1926.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Minor occupants. Commuting approximately 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 Minor.
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