On average, listings lease in the $40's per square foot per year. The Cascade submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Cascade submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 414 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Cascade are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,530 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Most of the occupants of Cascade work from home. Commuting more than an hour and a half 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 Cascade.
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