On average, listings lease in the $30's per square foot per year. The Northwest Bellevue region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 97 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available space in the Northwest 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,290 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the folk of Northwest Bellevue work from home. Commuting approximately an hour and a half 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 Northwest Bellevue.
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