Most listings are in the $20's per square foot per year. The Downtown Olympia submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 41% decline in rent.
In the last 90 days, 70 listings have been made available, so you'll want to check back regularly for new listings. About 14% of the listings in the Downtown Olympia 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.
Even though the median size is 3,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Olympia residents. Commuting approximately 30 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 Olympia.
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