On average, listings lease in the $50's per square foot per year. The Downtown Bellvue submarket is going through a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 38 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Downtown Bellvue are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 13,650 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 10 floors. Most buildings in this market were built in 1983 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Bellvue occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.