On average, listings lease in the $40's per square foot per year. The West Bellevue region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the West Bellevue region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,340 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst West Bellevue occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.