Most listings are in the $30's per square foot per year. The Wallingford region is going through a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wallingford region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Wallingford 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 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 1,600 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1994 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the folk of Wallingford work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.