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Most commerial real estate listings for lease are in the $40's per square foot per year. The North Delridge submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the North Delridge region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 commercial real estate listings have come on the market, which means new listings might be 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 available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,400 sqft. Most properties in this market are close to 5 floors. Most buildings in this region were built approximately 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the residents of North Delridge work from home. Commuting between 30 and 45 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 North Delridge.
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