Downtown Bellvue Office Space

Downtown Bellvue

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
3,080
As of: December 8, 2016

Downtown Bellvue Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Bellvue region is seeing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Bellvue Listing Supply

In the last 90 days, 21 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the Downtown Bellvue 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 3,080 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this area were built in 1983 and are Class A.

Downtown Bellvue Community

A large portion of this area 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 folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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