The typical asking rate per listing is in the $40's per square foot per year. The Cascade submarket is going through a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Cascade submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 28 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 57% of the available space in the Cascade 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 4,520 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this market were built in 1980 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Most of the occupants of Cascade work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.