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On average, commerial real estate listings lease in the $30's per square foot per year. The Greenwood region is experiencing a a boost in rates. In the last 3 months, the median rate for lease went up $33 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Greenwood submarket has higher rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 180 days, 20 commercial real estate listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 4,010 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built around 1951 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Greenwood folk. Commuting close to an hour 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 Greenwood.
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