The typical asking rate per listing is in the $30's per square foot per year. The Overlake region is going through a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Overlake region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the listings in the Overlake 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,520 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Overlake residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.