On average, listings lease in the $20's per square foot per year. The Wallingford submarket is going through a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Wallingford region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Wallingford 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,320 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1999 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the residents of Wallingford work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.