On average, listings lease in the $20's per square foot per year. The Downtown Olympia region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 16% decline in rent.
In the last 90 days, 11 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,450 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Olympia folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.