On average, listings lease in the $20's per square foot per year. The Canyon Park submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Canyon Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 16 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,770 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst Canyon Park occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.