Most listings are in the $40's per square foot per year. The North College Park region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the North College Park region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 53,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst North College Park occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.