Redmond Sublease

Redmond

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
5,520
As of: February 26, 2017

Redmond Rates

Most listings are in the $20's per square foot per year. The Redmond region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Redmond region has smaller 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 been made available, so you'll want to check back regularly for new listings. About 11% of the listings 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 5,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market 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