The typical asking rate per listing is in the $30's per square foot per year. The Greater Duwamish submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Greater Duwamish submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Greater Duwamish 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 10,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1952 and are Class B.
Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Greater Duwamish folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.