University Place Commercial Real Estate

University Place

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,960

University Place Rates

The typical asking rate per listing is in the $20's per square foot per year. The University Place submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the University Place submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

University Place Listing Supply

In the last 90 days, 25 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the University Place are subleases, so you will probably have to consider a longer term lease. 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 1,960 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1988 and are Class B.

University Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst University Place residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in University Place.
Research