Redmond Office Space

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Regency Group Inc Commercial Real Estate
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8299 161st Avenue Northeast - Space Downtown Redmond, Redmond, WA  
Sep 18
5,290
sqft
Office
2529 152nd Ave NE - 2 Spaces Redmond, WA This listing is a nnn lease.Onsite Parking.
Aug 29
2,420 - 2,440
sqft
Sublease Office

Redmond

Market Report

Number of Listings
Posted in the last 90 days
32
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,240

Redmond Rates

On average, listings lease in the $20's per square foot per year. The Redmond region is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 25% decrease in rent.

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

Redmond Listing Supply

In the last 90 days, 269 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the listings in the Redmond 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,290 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1989 and are Class A.

Redmond Community

Market Data

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