Overlake Office Space

Overlake

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,990
As of: February 22, 2017

Overlake Rates

The typical asking rate per listing is in the $30's per square foot per year. The Overlake submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 13% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Overlake submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Overlake Listing Supply

In the last 90 days, 9 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,990 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1980 and are Class A.

Overlake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Overlake folk. 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 Overlake.
Market Report

Market Data

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