On average, listings lease in the $10's per square foot per year. The Eastlake submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 42% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Eastlake region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Eastlake 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the occupants of Eastlake work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.