University Place Office Space

University Place

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,960

University Place Rates

Most listings are in the $20's per square foot per year. The University Place submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the University Place region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

University Place Listing Supply

In the last 90 days, 25 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the University Place are subleases, so you will probably have to focus your search on direct office leases. 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 approximately 2 floors. Most buildings in this region were built in 1988 and are Class B.

University Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst University Place folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in University Place.
Research