Redmond Retail

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
5,290
As of: June 27, 2017

Redmond Rates

On average, listings lease in the $30's per square foot per year. The Redmond region is experiencing a an increase in rates. In the last 3 months, the median rate rose $37 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the Redmond region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Redmond Listing Supply

In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 28% of the listings in the Redmond 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,290 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1988 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