The typical asking rate per listing is in the $40's per square foot per year. The Cascade submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Cascade submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 28 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the office spaces in the Cascade are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 14,110 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this area were built in 1978 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. 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.