Melody Hill Retail

Melody Hill

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
1,160
As of: July 23, 2017

Melody Hill Rates

On average, listings lease in the $20's per square foot per year. The Melody Hill submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Melody Hill region has lower rates, so you should have no trouble finding a great deal in this discounted region.

Melody Hill Listing Supply

In the last 90 days, 0 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Melody Hill are subleases, so you might be able to find a shorter term or below market rent. 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 1,160 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1987 and are Class A.

Melody Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Melody Hill occupants. Commuting between 30 and 45 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 Melody Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Melody Hill.
Research