On average, listings lease in the $20's per square foot per year. The Downtown Olympia submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 50% increase in rent.
In the last 90 days, 17 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,630 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Olympia folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.