The typical asking rate per listing is in the $50's per square foot per year. The Downtown Bellvue submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $53 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 29 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 52% of the available leases in the Downtown Bellvue are subleases, so you might be able to find a shorter term or below market rent. 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 2,760 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 9 stories. Most buildings in this market were built in 1981 and are Class A.
This region is fairly equally mixed residential and commercial. 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.