Compared to the rest of the Seattle Metropolitan Area market, the South Lake Union region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the South Lake Union are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 14,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1984 and are Class A.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Lake Union folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.