The typical asking rate per listing is in the $40's per square foot per year. The West Bellevue submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 37% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the West Bellevue region has more expensive 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 made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 8,460 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 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 area. 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.