The typical asking rate per listing is in the $30's per square foot per year. The Wilburton region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available space in the Wilburton are subleases, so you might be able to find a shorter term or below market rent. 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 1,760 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1980 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Wilburton residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.