The typical asking rate per listing is in the $40's per square foot per year. The Northwest Bellevue region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,410 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1981 and are Class A.
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.