Most listings are in the $30's per square foot per year. The Northwest Bellevue submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 233% of the office spaces in the Northwest Bellevue are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region 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 market. Most of the occupants 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.