The typical asking rate per listing is in the $20's per square foot per year. The Factoria submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 34% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Factoria region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces 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 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 2,040 sqft. Most properties in this area are around 4 floors. Most buildings in this area were built in 1986 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Factoria folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.