Most listings are in the $20's per square foot per year. The Canyon Park submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Canyon Park region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 16 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Canyon Park 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.
Even though the median size is 10,570 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1999 and are Class A.
This area 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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.