Redmond Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Redmond Rates

Most listings are in the $20's per square foot per year. The Redmond region is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 13% rise in rent.

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

Redmond Listing Supply

In the last 90 days, 13 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the office spaces in the Redmond are subleases, so you might be able to snag a great spot on a short term. 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 4,440 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1987 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.