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On average, commerial real estate listings lease in the $30's per square foot per year. The Atlantic region is going through a a boost in rates. In the last 3 months, the median rate for lease increased $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Atlantic region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 15 commercial real estate listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,600 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built close to 1963 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Atlantic folk. Commuting between 20 and 25 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 Atlantic.
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