Downtown Mercer Island Sublease

Downtown Mercer Island

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
1,460
As of: June 27, 2017

Downtown Mercer Island Rates

On average, listings lease in the $30's per square foot per year. The Downtown Mercer Island submarket is going through a a boost in rates. In the last 3 months, the median rate increased $37 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Downtown Mercer Island submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Mercer Island Listing Supply

In the last 90 days, 0 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About NaN% of the available space in the Downtown Mercer Island are subleases, so you will probably have to consider a longer term 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 1,460 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1982 and are Class A.

Downtown Mercer Island Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Downtown Mercer Island residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Mercer Island.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Mercer Island.
Research