On average, listings lease in the $20's per square foot per year. The University Place submarket is going through a a rise in rates. In the last 3 months, the median rate rose $22 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the University Place submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 0 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the University Place 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 1,960 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst University Place folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.