The typical asking rate per listing is in the $40's per square foot per year. The Northeast Bellevue submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northeast Bellevue submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 35 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Northeast Bellevue are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Northeast Bellevue residents. Commuting close to 10 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 Northeast Bellevue.
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