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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Ballard submarket is experiencing a a rise in rates. In the last 3 months, the median rate for lease rose $16 per sqft per year. That's a 100% rise in rent.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Ballard submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 74 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. 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 1,940 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built around 1969 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Ballard residents. Commuting approximately an hour and a half 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 Ballard.
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