On average, listings lease in the $20's per square foot per year. The Mountlake Terrace submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Mountlake Terrace submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,550 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1989 and are Class A.