Overlake Retail

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Overlake

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,520
As of: June 24, 2017

Overlake Rates

Most listings are in the $30's per square foot per year. The Overlake submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Overlake region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Overlake Listing Supply

In the last 90 days, 9 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 22% of the office spaces in the Overlake 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,520 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1980 and are Class A.

Overlake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Overlake occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Overlake.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Overlake.
Research