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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Northgate region is going through a decline in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Northgate submarket has higher rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 132 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 630 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built around 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Northgate folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northgate.
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