Most listings are in the $30's per square foot per year. The North College Park submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the North College Park region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,230 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst North College Park folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.