Cascade Office Space

Cascade

Office Space Market Report

Number of Listings (last 90 days)
28
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
11,150
As of: March 29, 2017

Cascade Rates

On average, listings lease in the $40's per square foot per year. The Cascade region is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Cascade submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Cascade Listing Supply

In the last 90 days, 28 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the office spaces in the Cascade are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 11,150 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this market were built in 1984 and are Class A.

Cascade Community

A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. Most of the residents of Cascade work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Cascade.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cascade.
Research