Most listings are in the $30's per square foot per year. The Downtown Mercer Island region is going through a a rise in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Mercer Island region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 18 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Downtown Mercer Island are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, 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 properties in this area are close to 3 stories. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Downtown Mercer Island residents. Commuting close to 15 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 Downtown Mercer Island.
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