The typical asking rate per listing is in the $30's per square foot per year. The Lake Union submarket is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Lake Union submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Lake Union residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.