The typical asking rate per listing is in the $40's per square foot per year. The Ravenna submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $42 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Ravenna region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Ravenna are subleases, so you will probably have to consider a longer term lease. 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 2,540 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1967.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of Ravenna 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 Ravenna.
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