The typical asking rate per listing is in the $30's per square foot per year. The Greater Duwamish region is seeing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 45% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Greater Duwamish region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 20 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 70% of the office spaces 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 12,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1954 and are Class A.
Manufacturing is the dominant industry in this market. 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.