The typical asking rate per listing is in the $30's per square foot per year. The Wilburton submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 47% of the listings in the Wilburton 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 2,470 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1980 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Wilburton residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.