Most listings are in the $40's per square foot per year. The Mercer Island region is experiencing a a rise in rates. In the last 3 months, the median rate increased $45 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Mercer Island region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 31 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available leases in the Mercer Island 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 1,460 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1982 and are Class B.
Real time and historical data on commercial real estate listings in Mercer Island.
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