Most listings are in the $40's per square foot per year. The Downtown Bellvue submarket is going through a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 21 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Downtown Bellvue 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,080 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 10 floors. Most buildings in this area were built in 1983 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 market. Commute by walking is the most popular way to get to work amongst Downtown Bellvue residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.