What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Bellevue commercial real estate market incorporates 44,599,816 square feet of office space across 284 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Bellevue, the coworking segment of the commercial real estate market incorporates about 15,850 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Bellevue commercial real estate market includes 6,851,850 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Bellevue market, there is a total of 1,437,826 square feet of industrial property.

What types of commercial real estate are available in Bellevue, WA?

The largest share of commercial real estate space for lease in Bellevue is represented by Office space , which accounts for 8,321,971 square feet of available listings. Industrial space available in Bellevue adds up to 306,049 square feet.

What factors affect the price of commercial real estate in Bellevue, WA?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Bellevue, WA?

The average rent for commercial real estate space listed for lease in Bellevue is $34.91 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Bellevue can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Bellevue, WA?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Bellevue, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Bellevue is in the Downtown Bellevue neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Bellevue area . Meanwhile, retail space opportunities are most abundant in the Downtown Bellevue submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Eastgate . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $48 per square foot. In particular, the property type commanding the highest lease rates in Bellevue was Retail space. Conversely, the highest sale price last year was $45,500,000 that is located at 11808 Northup Way.

What is the average size of a commercial property in Bellevue, WA?

The average size of a commercial property in Bellevue depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Bellevue, the average size of an office property is 164,575 square feet. Retail properties here incorporate an average of 77,862 square feet. Industrial space in Bellevue is in buildings that are, on average 89,864 square feet in size.

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401 Commercial Real Estate Listings in Bellevue, WA

CRE Market Stats

14100 Building

14100 SE 36th Street, Eastgate, Bellevue, WA
For Lease

$36.00 - $39.50/SF/YR
Property

Office

22,091 SF
Availability

3 Spaces

4,374 SF
Year Built

1986
View Details (opens in new window)
Woodlands at Bellevue - Building I

2810 160th Avenue SE, West Lake Sammamish, Bellevue, WA
For Lease

Contact for pricing
Property

Office

111,297 SF
Availability

3 Spaces

111,297 SF
Year Built

1981
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Key Center
Regus
601 108th Avenue, NE 19th Floor, Bellevue, WA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
View Details (opens in new window)
2229 & 2233 112th Avenue NE

2229 112th Avenue NE, Northwest Bellevue, Bellevue, WA
For Lease

$34.00 - $36.00/SF/YR
Property

Office

61,798 SF
Availability

9 Spaces

52,663 SF
Year Built

1978
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Newport Place

4122 Factoria Avenue SE, Factoria, Bellevue, WA
For Lease

$28.00 - $34.00/SF/YR
Property

Office

42,381 SF
Availability

5 Spaces

21,500 SF
Year Built

1982
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Plaza 520 Business Park

13228 NE 20th Street, Wilburton, Bellevue, WA
For Lease

Contact for pricing
Property

Office

128,986 SF
Availability

1 Space

128,986 SF
Year Built

1979
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Lester Professional Plaza Building

1800 116th Avenue NE, Wilburton, Bellevue, WA
For Lease

$38.00/SF/YR
Property

Office

32,256 SF
Availability

1 Space

1,121 SF
Year Built

1991
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The Summit I

355 110th Avenue NE, Downtown Bellevue, Bellevue, WA
For Lease

Contact for pricing
Property

Office

240,898 SF
Availability

5 Spaces

107,362 SF
Year Built

2002
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Overlake 520 East

14475 NE 24th St, Crossroads, Bellevue, WA
For Lease

$20.00/SF/YR
Property

Office

71,866 SF
Availability

1 Space

14,374 SF
Year Built

1985
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Evergreen Office Park

11000 NE 33rd Place, Northwest Bellevue, Bellevue, WA
For Lease

$31.00/SF/YR
Property

Office

88,642 SF
Availability

1 Space

1,943 SF
Year Built

1981
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Lincoln Plaza

11225 SE 6th Street, West Bellevue, Bellevue, WA
For Lease

Contact for pricing
Property

Office

148,501 SF
Availability

6 Spaces

60,110 SF
Year Built

1988
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Skyline Tower

10900 NE 4th Street, Downtown Bellevue, Bellevue, WA
For Lease

$50.00/SF/YR
Property

Office

416,755 SF
Availability

4 Spaces

59,546 SF
Year Built

1983
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40 Lake Bellevue

40 Lake Bellevue Drive, Wilburton, Bellevue, WA
For Lease

Contact for pricing
Property

Office

55,700 SF
Availability

2 Spaces

6,643 SF
Year Built

1988
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Bel-Spring 520

11808 Northup Way, Bridle Trails - Bellevue, Bellevue, WA
For Lease

Contact for pricing
Property

Office

91,009 SF
Availability

4 Spaces

27,937 SF
Year Built

1983
View Details (opens in new window)
Ridgewood Corporate Square
Regus
11900 N.E. 1st Street Suite 300 Buildling G, Bellevue, WA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
View Details (opens in new window)
Bellefield Office Park
Regus
1400 112th Ave SE Suite 100, Bellevue, WA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
View Details (opens in new window)
John F. Buchan Building

2821 Northup Way, Northwest Bellevue, Bellevue, WA
For Lease

$39.50/SF/YR
Property

Office

29,576 SF
Availability

2 Spaces

4,813 SF
Year Built

1978
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Sunset Corporate Campus - Building I

13810 SE Eastgate Way, Eastgate, Bellevue, WA
For Lease

$14.23/SF/YR
Property

Office

153,423 SF
Availability

7 Spaces

101,702 SF
Year Built

1992
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Commons Professional Center

1200 112th Avenue NE, Northwest Bellevue, Bellevue, WA
For Lease

$37.00 - $40.00/SF/YR
Property

Office

98,665 SF
Availability

3 Spaces

10,186 SF
Year Built

1972
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13423-13431 NE 20th Street & 1805 136th Place NE

13431 NE 20th Street, Wilburton, Bellevue, WA
For Lease

$15.00 - $40.00/SF/YR
Property

Office

106,073 SF
Availability

7 Spaces

17,173 SF
Year Built

1974
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Factoria 30th Street Building

13300 SE 30th St, Eastgate, Bellevue, WA
For Lease

$20.00/SF/YR
Property

Office

32,000 SF
Availability

1 Space

984 SF
View Details (opens in new window)
City Center Bellevue

500 108th Avenue NE, Downtown Bellevue, Bellevue, WA
For Lease

$64.00 - $69.00/SF/YR
Property

Office

497,076 SF
Availability

10 Spaces

84,594 SF
Year Built

1986
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Civica Office Commons

225 108th Avenue NE, Downtown Bellevue, Bellevue, WA
For Lease

$35.00 - $39.00/SF/YR
Property

Office

324,614 SF
Availability

5 Spaces

74,560 SF
Year Built

2000
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One Twelfth @ Twelfth East

1120 112th Avenue NE, Downtown Bellevue, Bellevue, WA
For Lease

$47.00 - $48.00/SF/YR
Property

Office

160,310 SF
Availability

2 Spaces

55,646 SF
Year Built

2001
View Details (opens in new window)
Newport Corporate Center - One Newport

3605 132nd Avenue SE, Factoria, Bellevue, WA
For Lease

$30.00/SF/YR
Property

Office

89,803 SF
Availability

3 Spaces

21,484 SF
Year Built

1984
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BELLEWOOD OFFICE PARK

2025 112th Ave NE Bellevue, Northwest Bellevue, Bellevue, WA
For Lease

$3,507.00 - $8,230.00/MO
Property

Office

16,060 SF
Availability

2 Spaces

4,461 SF
Year Built

1981
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	2,949,273 Sq. Ft.	7.03%
100k to 500k Sq. Ft.	20,410,171 Sq. Ft.	48.67%
500k to 1M Sq. Ft.	6,647,539 Sq. Ft.	15.85%
> 1M Sq. Ft.	9,585,659 Sq. Ft.	22.86%

Class	Total Square Feet	Share of Total Office
Class A+	3,265,669 Sq. Ft.	7.79%
Class A	17,920,036 Sq. Ft.	42.73%
Class B	7,409,369 Sq. Ft.	17.67%
Class C	402,416 Sq. Ft.	0.96%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	270,802 Sq. Ft.	14.52%
100k to 500k Sq. Ft.	1,065,361 Sq. Ft.	57.12%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	1,439,013 Sq. Ft.	20.16%
100k to 500k Sq. Ft.	2,528,984 Sq. Ft.	35.42%
500k to 1M Sq. Ft.	503,896 Sq. Ft.	7.06%
> 1M Sq. Ft.	1,300,000 Sq. Ft.	18.21%

City	Property Type	Count of Listings	Total SF
Bellevue, WA	Office	185	8,321,971
Bellevue, WA	Retail	28	79,074
Bellevue, WA	Industrial	13	306,049
Bellevue, WA	Other	214	8,770,672

401 Commercial Real Estate Listings in Bellevue, WA

Bellevue, WA Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Bellevue, WA?

What factors affect the price of commercial real estate in Bellevue, WA?

What is the average rent for commercial space in Bellevue, WA?

What are the best areas for commercial real estate in Bellevue, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Bellevue, WA?

Bellevue, WA Commercial Real Estate Inventory Breakdown

Total Office Space in Bellevue: 41,936,268 Sq. Ft.

Total Industrial Space in Bellevue: 1,865,151 Sq. Ft.

Total Retail Space in Bellevue: 7,139,154 Sq. Ft.

Bellevue, WA Currently Available Listings

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