The typical asking rate per listing is in the $20's per square foot per year. The Martha Lake submarket is going through a an increase in rates. In the last 3 months, the median rate increased $23 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Martha Lake submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 0 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available leases in the Martha 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1984 and are Class C.