On average, listings lease in the $40's per square foot per year. The Bellevue region is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Bellevue submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1546 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Bellevue are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,290 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1984 and are Class A.
Real time and historical data on commercial real estate listings in Bellevue.
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