Redmond, WA Commercial Real Estate
124 results
$4,064/month
$3,963/month
2,232 SF
$1,629,554/month
4,343 SF
$9,818/month
3,792 SF
$2,190 -
$5,716/month
4,373 SF
11,971 SF
25,130 SF
$34,406/month
27,258 SF
$7,294/month
3,703 SF
$4,071/month
2,024 SF
$7,053/month
4,149 SF
$16,100/month
$1,914 -
$5,032/month
2,505 SF
$23,732/month
$1,136 -
$2,495/month
503 SF
$24,938/month
$17,464/month
$2,929/month
$3,729/month
$3,681 -
$4,376/month
2,300 SF
4,532 SF
$2,602/month
14,848 SF
$1,531 -
$4,281/month
2,217 SF
$6,249/month
245,000 SF
11,932 SF
$2,237 -
$10,946/month
3,351 SF
$441 -
$5,586/month
$9,491/month
$4,512/month
$42,695/month
$3,439/month
$6,840/month
$6,000,000
$1,985 -
$6,862/month
1,846 SF
1,397 SF
$6,842/month
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Redmond Commercial and Office Space Overview
Home to major international technology companies, Redmond, Washington makes for a quiet suburban respite from the hustle and bustle of nearby Seattle. Despite its reputation for housing large, profitable businesses, Redmond is a liveable, walkable city with a flair for food, cycling, and outdoor fun.
Unlike Seattle or Bellevue, Redmond doesn’t have a business or occupation tax on earned income, rather looking to business license fees to make up for lost revenue. This creates a significant interest in small and startup companies in the region, especially when combined with the low median rate of $34 per square feet/year for commercial real estate. Most properties are small relative to neighboring Seattle or Bellevue, but larger properties are available throughout the city.
Economy of Redmond
Microsoft is far and away the largest employer in Redmond, contributing nearly 40,000 jobs to the local economy - and only 20,000 more call the city home. Terex, Nintendo, and AT&T make up the remaining majority of jobs in Redmond, but SpaceX and Hyperloop Genesis are expected to make a major splash once they set down roots in Redmond within the next few years.
Thanks to the concentration of technology companies in the area, Redmond residents enjoy an above average per capita income, earning nearly $57,000 per year. However, housing in Redmond has risen rapidly over the last decade, as Seattleites have fled the city’s competitive housing market in search of a quick commute and more affordable properties.
Trends of Redmond
With the influx of interest to the Pacific Northwest’s tech industry, many companies have begun to set down roots in the area. While Redmond is considered a secondary market to larger, more affluent Seattle, there’s plenty of activity moving towards Redmond in the near future. Oculus, which is owned by Facebook, has filed for over $105 million in development permits for its office and laboratory space since 2015 - a sign that the parent company is making strides toward the area’s Microsoft and Nintendo-dominated talent market.
Outside of the business world, Redmond’s arts and culture scene have further improved livability in the city, which is often referred to as the “Bicycle Capital of the Northwest,” thanks to its plentiful bike lanes and the only velodrome in the State of Washington. Marymoor Park is renowned in the region for its annual summer series of concerts and events throughout the year.
Market Stats
Redmond has 263 commercial real estate spaces for lease, representing 1,629,495 sqft space.
20 buildings are available for sale.
In the past 30 days, Redmond has had 196 spaces leased.