Most listings are in the $30's per square foot per year. The Northwest Bellevue submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 600% of the office spaces in the Northwest Bellevue 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 3,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the occupants of Northwest Bellevue work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.