The typical asking rate per listing is in the $20's per square foot per year. The Mountlake Terrace region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Mountlake Terrace submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,550 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1989 and are Class A.