On average, listings lease in the $30's per square foot per year. The Cascade submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Cascade region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 16% of the available leases in the Cascade are subleases, so you might be able to find a shorter term or below market rent. 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 5,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Most of the residents of Cascade work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.