Compared to the rest of the Seattle Metropolitan Area market, the South Lake Union region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the South Lake Union are subleases, so you will probably have to focus your search on direct office leases. 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 14,790 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this market were built in 1984 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst South Lake Union occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.