Most listings are in the $30's per square foot per year. The Overlake submarket is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Overlake region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Overlake 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,960 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1980 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst Overlake residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.