On average, listings lease in the $30's per square foot per year. The Wilburton submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Wilburton are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1980 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Wilburton residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.