On average, listings lease in the $40's per square foot per year. The Northwest Bellevue submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 6,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the residents of Northwest Bellevue work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.