On average, listings lease in the $40's per square foot per year. The Northgate submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $43 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Northgate submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the available space in the Northgate are subleases, so you will probably have to focus your search on direct office leases. 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 2,030 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Northgate residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.