Lake Union Office Space

Lake Union

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
30,700
As of: June 27, 2017

Lake Union Rates

The typical asking rate per listing is in the $30's per square foot per year. The Lake Union region is experiencing a a rise in rates. In the last 3 months, the median rate went up $40 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Lake Union region has greater rates, and you'll need to make a great offer to be in this hot region.

Lake Union Listing Supply

In the last 90 days, 10 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Lake Union are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 30,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1978 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