The typical asking rate per listing is in the $30's per square foot per year. The Lake Union region is seeing a an increase in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Lake Union submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Lake Union are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,320 sqft. Most properties in this market are around 2 stories. 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.