The typical asking rate per listing is in the $30'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 rose $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,390 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area 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 folk 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.