Compared to the rest of the Seattle Metropolitan Area market, the University District region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 34 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the listings in the University District 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 820 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this market were built in 1981 and are Class A.
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. Most of the residents of University District work from home. Commuting close to 30 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 University District.
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