Most listings are in the $40's per square foot per year. The Cascade region is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Cascade region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 28 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 71% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,470 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this area were built in 1984 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 region. Most of the folk 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.