On average, listings lease in the $10's per square foot per year. The Woodway region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 10 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the office spaces in the Woodway 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 630 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1980 and are Class A.