On average, listings lease in the $20's per square foot per year. The Canyon Park submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Canyon Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 21 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Canyon Park are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 11,430 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1999 and are Class A.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Canyon Park occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.