On average, listings lease in the $30's per square foot per year. The Totem Lake region is experiencing a an increase in rates. In the last 3 months, the median rate went up $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 region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 17 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Totem Lake are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1986 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Most of the occupants of Totem Lake work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.