Most listings are in the $30's per square foot per year. The Downtown Bellvue submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 18 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the Downtown Bellvue are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,550 sqft. Most properties in this market are close to 10 stories. Most buildings in this area were built in 1982 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Bellvue occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.