Most listings are in the $20's per square foot per year. The University Place region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the University Place submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 0 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 NaN% of the listings in the University Place are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,960 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1988 and are Class B.