The typical asking rate per listing is in the $30's per square foot per year. The Lakeview submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 42% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Lakeview submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Lakeview are subleases, so you might be able to snag a great spot on a short term. 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 5,650 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1986 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Lakeview folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.