University Place Retail

University Place

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,960
As of: May 22, 2017

University Place Rates

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.

University Place Listing Supply

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.

University Place Community

Market Report

Trends and status of the commercial real estate market in University Place.
Market Report

Market Data

Real time and historical data on commercial real estate listings in University Place.
Research