The typical asking rate per listing is in the $30's per square foot per year. The Crossroads submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Crossroads submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means listings might be leasing quickly. 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.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Crossroads residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.