The typical asking rate per listing is in the $40's per square foot per year. The Downtown Bellvue region is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most properties in this area are around 10 stories. Most buildings in this region were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. 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 approximately 15 minutes a day is the norm for those who opt to reside in this part of town.