Most listings are in the $40's per square foot per year. The Northwest Bellevue submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,410 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the folk of Northwest Bellevue work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.