Most listings are in the $20's per square foot per year. The Totem Lake region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Totem Lake submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 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 18% of the office spaces in the Totem Lake 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 6,180 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1986 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Most of the folk of Totem Lake work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.