On average, listings lease in the $30's per square foot per year. The Wilburton region is experiencing a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Wilburton 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,580 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region 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 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.