On average, listings lease in the $40's per square foot per year. The Northwest Seattle submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $41 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Seattle region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 57 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Northwest Seattle are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Northwest Seattle residents. 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 Northwest Seattle.
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