Redmond Industrial

Redmond

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
7,990
As of: December 10, 2016

Redmond Rates

Most listings are in the $20's per square foot per year. The Redmond submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline 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 discounted region.

Redmond Listing Supply

In the last 90 days, 18 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 22% of the listings 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 7,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area 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