Most listings are in the $0's per square foot per year. The South Lake Union region is going through a decline in rates. In the last 3 months, the median rate decreased $37 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 10 listings have come on the market, which means leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 17,180 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 6 stories. Most buildings in this area were built in 1988 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Lake Union residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.