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On average, commerial real estate listings lease in the $20's per square foot per year. The Lake City submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $7 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Lake City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 17 commercial real estate listings have come on the market, which means leases might be 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.
The standard size for office space in this area is around 490 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built approximately 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the residents of Lake City work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Lake City.
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