Overlake Office Space

Overlake

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,450
As of: December 2, 2016

Overlake Rates

On average, listings lease in the $30's per square foot per year. The Overlake region is seeing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Overlake submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Overlake Listing Supply

In the last 90 days, 4 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the Overlake are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,960 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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 market. Commute by walking is the most popular way to get to work amongst Overlake residents. 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