Redmond Industrial

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
5,290
As of: May 21, 2017

Redmond Rates

On average, listings lease in the $20's per square foot per year. The Redmond region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Redmond submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Redmond Listing Supply

In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the available leases in the Redmond are subleases, so you might be able to snag a great spot on a short term. 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 5,290 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1988 and are Class A.

Redmond Community

Market Report

Trends and status of the commercial real estate market in Redmond.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Redmond.
Research