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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The South Hill region is going through a a rise in rates. In the last 3 months, the median rate for lease rose $25 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the South Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 31 commercial real estate listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 3% of the commercial real estate listings in the South Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built close to 1989 and are Class A.
Real time and historical data on commercial real estate listings in South Hill.
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