On average, listings lease in the $30's per square foot per year. The Linde and Hill Park submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $31 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Linde and Hill Park submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 960 sqft. Most buildings in this region were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Linde and Hill Park folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.