The typical asking rate per listing is in the $30's per square foot per year. The Lakeview region is experiencing a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Lakeview region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the Lakeview 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 8,370 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1987 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Lakeview residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.