On average, listings lease in the $20's per square foot per year. The South Hill region is seeing a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the South Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 31 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the South Hill are subleases, so you might be able to find a shorter term or below market rent. 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 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 2001 and are Class A.
Real time and historical data on commercial real estate listings in South Hill.
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