Most listings are in the $50's per square foot per year. The Downtown Bellvue region is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 29 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the listings in the Downtown Bellvue 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 9 stories. Most buildings in this market were built in 1982 and are Class A.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Bellvue occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.