On average, listings lease in the $20's per square foot per year. The Wallingford region is seeing a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Wallingford region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Wallingford 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,630 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region 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 area. Most of the occupants of Wallingford work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.