On average, listings lease in the $30's per square foot per year. The Wilburton region is going through a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Wilburton submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 15 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 47% of the available leases in the Wilburton 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 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 2,470 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1980 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Wilburton folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.