On average, listings lease in the $30's per square foot per year. The Capital Cascade submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 108% rise in rent.
In the last 90 days, 22 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Capital Cascade are subleases, so you might be able to find a shorter term or below market rent. 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 1,200 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Capital Cascade folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.