The typical asking rate per listing is in the $30's per square foot per year. The Greater Duwamish region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Greater Duwamish region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 13 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available space in the Greater Duwamish 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1952 and are Class B.
Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Greater Duwamish occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.