Redmond Office Space

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
6,770
As of: July 24, 2017

Redmond Rates

The typical asking rate per listing is in the $30's per square foot per year. The Redmond submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 33% 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 discounted region.

Redmond Listing Supply

In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 26% 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 6,770 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region 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