On average, listings lease in the $20's per square foot per year. The Canyon Park submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Canyon Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 18 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the Canyon Park are subleases, so you might be able to snag a great spot on a short term. 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 13,760 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1999 and are Class A.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Canyon Park residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.