On average, listings lease in the $20's per square foot per year. The Northeast Seattle submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northeast Seattle region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Seattle residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.