On average, listings lease in the $20's per square foot per year. The Totem Lake region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Totem Lake region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 117 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available space in the Totem Lake are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,330 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1986 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the folk of Totem Lake work from home. Commuting around 10 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 Totem Lake.
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