On average, listings lease in the $20's per square foot per year. The Redmond region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Redmond submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the available leases 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 5,290 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1988 and are Class A.