Most listings are in the $40's per square foot per year. The Downtown Bellvue submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Bellvue region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 29 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 169% of the available leases in the Downtown Bellvue are subleases, so you might be able to find a shorter term or below market rent. 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 9,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 9 floors. Most buildings in this region were built in 1982 and are Class A.
This region is fairly equally mixed residential and commercial. 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 around 15 minutes a day is the norm for those who opt to reside in this part of town.