On average, listings lease in the $30's per square foot per year. The Stanley Park submarket is seeing a an increase 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 Stanley Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the listings in the Stanley Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,290 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1981.
This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Stanley Park folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.