Most listings are in the $30's per square foot per year. The Wilburton region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Wilburton are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,900 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area 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 area. Commute by motorcycle is the most popular way to get to work amongst Wilburton residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.