Downtown Mercer Island Retail

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Downtown Mercer Island

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
2,720
As of: December 2, 2016

Downtown Mercer Island Rates

On average, listings lease in the $40's per square foot per year. The Downtown Mercer Island submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Downtown Mercer Island submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Mercer Island Listing Supply

In the last 90 days, 3 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Downtown Mercer Island are subleases, so you might be able to snag a great spot on a short term. 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 2,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1984 and are Class B.

Downtown Mercer Island Community

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 market. Commute by motorcycle is the most popular way to get to work amongst Downtown Mercer Island folk. Commuting close to 15 minutes 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 Downtown Mercer Island.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Mercer Island.
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Mercer Island Submarkets