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Bellevue Office Space Available Now
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301 116th Avenue Southeast, Bellevue, WA 98004

Office space for rent with excellent freeway access and parking.

Property Size30,659 SF
Days on Market128

Property Features for 301 116th Avenue Southeast

General Information

Standard status Active
Size 30,659 SF
Property subtype Office
Listing Agency: CBRE
Listed By: Riley Shephard
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Jul 30 at 2:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE

Investment Insights

Based on property information with market context.

This office space offers immediate availability with a rate of $32.00 per square foot, fully serviced. The property features an efficient layout that includes a mix of private offices and open space. Tenants will benefit from abundant free surface parking, with a parking ratio of 4 per 1,000 square feet. The building's common areas have been recently upgraded, and new destination dispatch elevators with new cab interiors have been installed. A large backup UPS and generator are available for tenant use. The location provides high visibility to I-405 and easy freeway access to I-405, I-90, and SR-520. Nearby amenities include retail options, hotels, services, and restaurants. The property is also within walking distance of a future light rail station. Potential monument and building signage opportunities are available. It is located minutes from the Bellevue Central Business District and offers a view of the same. The property size is 30659 square feet.

Key Highlights

  • Abundant free surface parking; 4/1,000 parking ratio
  • High visibility to I‑405
  • Easy freeway access to I‑405, I‑90 and SR‑520

Property Analytics

Current Use

Jennifer Heise - Financial ... Financial Advisor Bellevue City Leavitt ... City Government Office Karin Harmer Loan Service Janelle Steinberg - American ... Loan Service Kevin Brown Dental Office

Suggested Use

Top Pick Auto Parts Store Veterinary Clinic Pet Grooming Service Catering Service Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,525
Businesses Nearby

Demographics for 98004, WA

39,136
Population
20,977
Households
1.9
Avg Household Size
37
Median Age
76%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,361
Density / Sq Mi
$176,367
Median Household Income
$120,667
Median Earnings
$2,706
Median Rent
$2,000,001
Median Home Value

Market

Lease Benchmarks for Bellevue, WA

$36.92 /SF/Yr
Avg Asking Price
$30–$50 /SF/Yr
Price Range
13,216 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office space for rent with excellent freeway access and parking.
Where is this office building located?
The property is located at 301 116th Avenue Southeast Bellevue, WA.
What are key features of this property?
This property features: Abundant free surface parking; 4/1,000 parking ratio; High visibility to I‑405; Easy freeway access to I‑405, I‑90 and SR‑520
More about this property
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