The typical asking rate per listing is in the $40's per square foot per year. The Northwest Bellevue region is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northwest Bellevue region 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 come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,410 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area 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 area. Most of the residents 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.