Most listings are in the $30's per square foot per year. The Eastlake submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year. That's a 164% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Eastlake submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,940 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region 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 market. 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.