Most listings are in the $30's per square foot per year. The Totem Lake submarket is going through a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Totem Lake submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 17 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 12% of the available leases in the Totem Lake 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 3,630 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1986 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Most of the residents of Totem Lake work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.