Industrial Property for Lease in Redmond, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Redmond, WA 98052
  • Size: 6,446 SF

Description

9,101 RSF Industrial Sublease Now Available - Redmond Center Court Property Overview • Available Space: Suite 140: 9,101 RSF (6,446 SF Warehouse, 2,655 SF Office) • Master Lease EXP: 08/31/2028 • Asking Rate: $1.50/SF/month, NNN Features • End-Cap Suite with ample parking • Loading • Five (5) dock-high • One (1) grade level • Clear height: 21’ • Office buildout • Eight (8) Private offices • Reception area • Kitchenette • Server room

Market Context

This industrial in Redmond, WA is listed for lease across 6,446 SF ($2/SF). It has been on the market for 147 days. Compare it against other industrial listings for lease in Redmond, WA — <a href="/search/lease/industrial/washington/redmond">view the full market</a>.

As of Q4 2024, the Seattle / Bellevue industrial market showed a 9.7% vacancy rate, average asking rents near $12.84/SF/yr, rents up 9.1% year over year, and cap rates around 5.2%. Source: Consensus Q4 2024 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Seattle / Bellevue?
About 5.2% as of Q4 2024, per Consensus.
Is the Seattle / Bellevue industrial market tightening or softening?
Vacancy is around 9.7%, with asking rents rising year over year (Q4 2024).

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