On average, listings lease in the $30's per square foot per year. The Industrial District submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 38% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Industrial District region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 157 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Industrial District 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 12,100 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1949 and are Class A.
Utilities is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Industrial District folk. Commuting around 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 Industrial District.
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