Redmond Industrial

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
5,520
As of: February 24, 2017

Redmond Rates

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.

Redmond Listing Supply

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.

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