On average, listings lease in the $30's per square foot per year. The Montlake submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Montlake region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been listed, which means new listings most likley are going fast. 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 2,150 sqft. Most properties in this market are around 1 floors. Most buildings in this area were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Montlake residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.