The typical asking rate per listing is in the $0's per square foot per year. The Lake Union region is seeing a decrease in rates. In the last 3 months, the median rate fell $29 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 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 18,980 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1980 and are Class B.
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 market. Commute by taxi is the most popular way to get to work amongst Lake Union occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.