On average, listings lease in the $40's per square foot per year. The Cascade region is seeing a a rise in rates. In the last 3 months, the median rate rose $42 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Cascade submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 28 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 71% of the available space in the Cascade 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1980 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this area. Most of the residents of Cascade work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.