On average, listings lease in the $10's per square foot per year. The Fife submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Fife submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the available space in the Fife 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 2,020 sqft. Most buildings in this market are around 1 stories. Most buildings in this market were built in 1986 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Fife occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.