The typical asking rate per listing is in the $90's per square foot per year. The Northeast Seattle region is seeing a a boost in rates. In the last 3 months, the median rate increased $95 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Northeast Seattle region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the office spaces in the Northeast Seattle 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 5,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1969 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Northeast Seattle folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.