Redmond Office Space

Redmond

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
7,990
As of: December 9, 2016

Redmond Rates

On average, listings lease in the $20's per square foot per year. The Redmond submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline 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, 18 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 28% of the available leases in the Redmond are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 7,990 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1988 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