Most listings are in the $30's per square foot per year. The Factoria submarket is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Factoria submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases in the Factoria are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,240 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this region 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 area. Commute by motorcycle is the most popular way to get to work amongst Factoria occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.