The typical asking rate per listing is in the $40's per square foot per year. The Northwest Bellevue submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $42 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 267% of the office spaces in the Northwest Bellevue 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region 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 market. Most of the occupants of Northwest Bellevue work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.