Most listings are in the $40's per square foot per year. The Factoria region is going through a a rise in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Factoria region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Factoria 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 3,670 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this area were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Factoria occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.