University Place Office Space

University Place

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,960
As of: May 24, 2017

University Place Rates

The typical asking rate per listing is in the $20's per square foot per year. The University Place region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the University Place region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

University Place Listing Supply

In the last 90 days, 0 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the listings in the University Place are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,960 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1988 and are Class B.

University Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst University Place residents. Commuting around 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 University Place.
Market Report

Market Data

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