The typical asking rate per listing is in the $30's per square foot per year. The Downtown Auburn submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Auburn submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 1,000% of the office spaces in the Downtown Auburn 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.
Even though the median size is 2,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1975 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Downtown Auburn occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.