On average, listings lease in the $10's per square foot per year. The Wallhaven submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 4 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Wallhaven are subleases, so you might be able to find a shorter term or below market rent. 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 8,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this market were built in 2000 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Wallhaven occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.