University Place Retail

University Place

Office Space Market Report

Number of Listings (last 90 days)
As of: October 20, 2016

University Place Rates

The typical asking rate per listing is in the $0's per square foot per year. The University Place region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 100% decline in rent.

University Place Listing Supply

In the last 90 days, 2 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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  sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1997 and are Class B.

University Place Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst University Place occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

University Place Submarkets