The typical asking rate per listing is in the $30's per square foot per year. The Northeast Seattle region is seeing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northeast Seattle region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 750 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Northeast Seattle occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.