The typical asking rate per listing is in the $40's per square foot per year. The Downtown Bellvue submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 554 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Downtown Bellvue 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 posted, so finding a space for a small business might be tough.
Even though the median size is 8,470 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 8 stories. Most buildings in this area were built in 1981 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Bellvue folk. Commuting around 15 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 Downtown Bellvue.
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