Totem Lake Sublease

Totem Lake

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
330
As of: June 27, 2017

Totem Lake Rates

Most listings are in the $20's per square foot per year. The Totem Lake submarket is going through a an increase in rates. In the last 3 months, the median rate rose $28 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Totem Lake submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Totem Lake Listing Supply

In the last 90 days, 17 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 35% of the office spaces in the Totem Lake are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 330 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1986 and are Class B.

Totem Lake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the residents of Totem Lake work from home. Commuting close to 10 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 Totem Lake.
Market Report

Market Data

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