Downtown Mercer Island Sublease

Downtown Mercer Island

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Downtown Mercer Island Rates

Most listings are in the $40's per square foot per year. The Downtown Mercer Island region is going through a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 13% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Downtown Mercer Island region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Mercer Island Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Downtown Mercer Island 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1984 and are Class B.

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 folk. 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.

Mercer Island Submarkets