The typical asking rate per listing is in the $30's per square foot per year. The Redmond region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Redmond submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 41% of the available space in the Redmond 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1989 and are Class A.