Compared to the rest of the Seattle Metropolitan Area market, the Lake Union region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 90% of the available space in the Lake Union are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 43,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1974 and are Class B.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.