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