On average, listings lease in the $20's per square foot per year. The Canyon Park submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Canyon Park region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 16 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Canyon Park are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,280 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1999 and are Class A.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Canyon Park folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.