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Most commerial real estate listings for lease are in the $50's per square foot per year. The Lake Union region is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $13 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Lake Union region has greater rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 107 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. 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 size for office space in this area is around 1,020 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built close to 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Lake Union 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 Lake Union.
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