On average, listings lease in the $40's per square foot per year. The Downtown Bellvue region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 554 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available space in the Downtown Bellvue are subleases, so you will probably have to consider a longer term 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 9,410 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 8 stories. Most buildings in this area were built in 1981 and are Class A.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Bellvue residents. 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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