Redmond Sublease

Redmond

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
10,440
As of: December 4, 2016

Redmond Rates

The typical asking rate per listing is in the $20's per square foot per year. The Redmond region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Redmond submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Redmond Listing Supply

In the last 90 days, 16 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available leases in the Redmond 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 10,440 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1988 and are Class A.

Redmond Community

Market Report

Trends and status of the commercial real estate market in Redmond.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Redmond.
Research