Redmond Office Space

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,240
As of: August 18, 2017

Redmond Rates

Most listings are in the $30's per square foot per year. The Redmond region is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Redmond region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Redmond Listing Supply

In the last 90 days, 46 listings have been made available, so you'll want to check back regularly for new listings. About 39% of the listings in the Redmond 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 4,240 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1989 and are Class A.

Redmond Community

Market Report

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

Market Data

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