Most listings are in the $40's per square foot per year. The Downtown Bellvue region is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 29 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Downtown Bellvue are subleases, so you will probably have to focus your search on direct office leases. 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 6,290 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 11 stories. Most buildings in this market were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Bellvue occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.