The typical asking rate per listing is in the $20's per square foot per year. The Canyon Park submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Canyon Park submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 20 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the available leases 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 16,620 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market 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 area. 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.