Most listings are in the $0's per square foot per year. The South Lake Union region is going through a decline in rates. In the last 3 months, the median rate fell $37 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 8 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 18,830 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 6 floors. Most buildings in this area were built in 1988 and are Class A.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. 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.