Commercial Real Estate Market in Redmond, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
121 active listings and 830 off-market properties in Redmond, WA. Commercial property asks $599/SF to buy and $27.98/SF/Yr to lease.
Market Trends
Redmond, WA spans 67.6 square miles in King County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Redmond, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Redmond, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Redmond, WA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Redmond, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.7%
- Industrial 18.9%
- Open space 6.5%
- Commercial 3.6%
- Mixed use 3.3%
Largest Zones share of zoned land by district
Neighborhood Residential
Neighborhood Multifamily
Semi Rural Residential
Overlake Business And Advanced Technology
Manufacturing Park
Redmond, WA zones 10,612 acres across 20 districts. Commercial zoning covers 3.6% of zoned land, residential 67.7%, open space 6.5% and industrial 18.9%. The largest single district is Neighborhood Residential at 45.9%. For commercial buyers the practical constraint is that only 22.6% of land carries a commercial or industrial designation.
Semi Rural Residential (RA-5)
RA-5 Semirural Residential - few or no changes. Contact Us Jeff Churchill Planning Manager Email Jeff Churchill Phone: 425-556-2492 Beckye Frey Principal Planner Email Beckye Frey Phone: 425-556-2750 Popular Home Events Jobs Recreation Activities /QuickLinks.aspx Find City Council Parks & Trails Permits Transportation /QuickLinks.aspx Report / Request Report…
Market overview
Demographics & Economy
Redmond, WA has 171,996 residents in 72,084 households. Density runs 2,544 people per square mile. Median household income here is $181,323 and median gross rent $2,464 a month.
171,996
Population
72,084
Households
2.4
Avg Household Size
37
Median Age
75%
College-Educated
98%
High-School Grad
67.6 sq mi
ZIP Area
2,544
Density / Sq Mi
$181,323
Median Household Income
$107,990
Median Earnings
$2,464
Median Rent
$1,169,468
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kirkland | — | $38.69 |
| Sammamish | — | — |
| Bellevue | — | $33.42 |
| Woodinville | — | — |
Commercial property in Redmond, WA asks $599/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Redmond?
Commercial property in Redmond, WA asks an average of $599 per square foot. The 3 most recent recorded sales traded at a median of $377/SF, so asking sits 59% above the achieved median.
How much does it cost to lease commercial space in Redmond?
Asking lease rates in Redmond, WA average $27.98 per square foot per year.
What zoning applies to commercial property in Redmond?
Redmond, WA zones 10,612 acres across 20 districts, of which 3.6% is commercial and 18.9% industrial. The largest single district is Neighborhood Residential at 45.9% of zoned land. Residential zoning covers 67.7% and open space 6.5%.
Where does Realmo's Redmond market data come from?
Realmo compiles Redmond, WA figures from 3 recent recorded sales, 22 active sale listings, 99 active lease listings, 830 tracked off-market properties, the current Redmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 99 active for-lease listings in Redmond, WA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 10,612 zoned acres across 20 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
