On average, listings lease in the $30's per square foot per year. The Wallingford region is experiencing a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Wallingford submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the available leases in the Wallingford are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1999 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the residents of Wallingford work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.