Most listings are in the $40's per square foot per year. The North College Park submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the North College Park region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 53,240 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst North College Park occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.