The typical asking rate per listing is in the $10's per square foot per year. The Greater Duwamish submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Greater Duwamish submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have been posted online, which means office spaces might be going fast. 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 2,220 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1952 and are Class B.
Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Greater Duwamish occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.