On average, listings lease in the $30's per square foot per year. The Lakeview submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Lakeview region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Lakeview are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,370 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1987 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 area. Commute by car is the most popular way to get to work amongst Lakeview folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.