Most listings are in the $20's per square foot per year. The University Place submarket is going through a a boost in rates. In the last 3 months, the median rate went up $22 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the University Place submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 17 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 12% of the listings in the University Place are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,960 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1985 and are Class B.
Real time and historical data on commercial real estate listings in University Place.
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