Lake Union Office Space

Lake Union

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
7,610
As of: December 10, 2016

Lake Union Rates

Most listings are in the $30's per square foot per year. The Lake Union region is going through a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Lake Union submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Lake Union Listing Supply

In the last 90 days, 10 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,610 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1980 and are Class B.

Lake Union Community

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

Market Data

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