On average, listings lease in the $30's per square foot per year. The Lakeview submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 42% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Lakeview submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Lakeview are subleases, so you might be able to snag a great spot on a short term. 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 5,650 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1986 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Lakeview residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.