On average, listings lease in the $10's per square foot per year. The Eastlake submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 42% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Eastlake region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Eastlake 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of Eastlake work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.