Most listings are in the $20's per square foot per year. The University Place region is seeing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the University Place region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 17 listings have come on the market, which means leases might be 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 find a shorter term or below market rent. 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 properties in this market are close to 2 stories. Most buildings in this area were built in 1985 and are Class B.
Real time and historical data on commercial real estate listings in University Place.
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