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.
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.