Compared to the rest of the Seattle Metropolitan Area market, the South Lake Union submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 226 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the South Lake Union 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 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 6 floors. Most buildings in this region were built in 1990 and are Class A.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Lake Union occupants. Commuting under 5 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 South Lake Union.
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