Lake Union Industrial

Lake Union

Office Space Market Report

Number of Listings (last 90 days)
107
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
43,560
As of: August 17, 2017

Lake Union Rates

Compared to the rest of the Seattle Metropolitan Area market, the Lake Union submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Lake Union Listing Supply

In the last 90 days, 10 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 90% of the available space in the Lake Union are subleases, so you might be able to find a shorter term or below market rent. 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 43,560 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1974 and are Class B.

Lake Union Community

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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Lake Union.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lake Union.
Research