On average, listings lease in the $20's per square foot per year. The Redmond submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Redmond region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 34 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 15% of the available leases in the Redmond 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1988 and are Class A.