On average, listings lease in the $30's per square foot per year. The Gilman region is experiencing a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Gilman region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 25 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 12% of the office spaces in the Gilman 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 4,270 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Gilman occupants. 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 Gilman.
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