The typical asking rate per listing is in the $30's per square foot per year. The Moss Bay region is experiencing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Moss Bay submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 650,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Moss Bay folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.