On average, listings lease in the $50's per square foot per year. The Wilburton submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $19 per sqft per year. That's a 57% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Wilburton 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.
Even though the median size is 4,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1980 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Wilburton occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.