On average, listings lease in the $40's per square foot per year. The Mercer Island region is experiencing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Mercer Island region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Mercer Island are subleases, so you might be able to snag a great spot on a short term. 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 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1984 and are Class B.