Compared to the rest of the Seattle Metropolitan Area market, the Totem Lake submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 17 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Totem Lake are subleases, so you might be able to find a shorter term or below market rent. 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 3,390 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1986 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Most of the residents of Totem Lake work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.