The typical asking rate per listing is in the $20's per square foot per year. The Redmond region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% 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 discounted region.
In the last 90 days, 46 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the office spaces 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 5,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1988 and are Class A.