Lake Union Sublease

Lake Union

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
7,610
As of: December 8, 2016

Lake Union Rates

On average, listings lease in the $30's per square foot per year. The Lake Union submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Lake Union submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Lake Union Listing Supply

In the last 90 days, 9 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 7,610 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1980 and are Class B.

Lake Union Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Lake Union occupants. Commuting between 30 and 45 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 Lake Union.
Market Report

Market Data

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