On average, listings lease in the $30's per square foot per year. The Wallingford region is seeing a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Wallingford submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 0 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the office spaces in the Wallingford are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1999 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 residents 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.