Most listings are in the $50's per square foot per year. The Downtown Bellvue submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 29 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the Downtown Bellvue are subleases, so you might be able to find a shorter term or below market rent. 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 6,160 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 9 floors. Most buildings in this area were built in 1982 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 folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.