Redmond Sublease

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
5,290
As of: June 22, 2017

Redmond Rates

The typical asking rate per listing is in the $20's per square foot per year. The Redmond submarket is going through a a rise in rates. In the last 3 months, the median rate increased $29 per sqft per year.

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

Redmond Listing Supply

In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 76% of the office spaces in the Redmond are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,390 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. 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