Bellevue, WA
Commercial Real Estate Market Trends & Data

$864 Avg asking sale price
$70 Avg asking lease rate
20,513 SF Avg unit lease size
48,818 SF Avg building size for sale
4.53% Average cap rate

Bellevue's Demographic Profile

Bellevue has 60,038 households and a median income of $157,003, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 148,219
# Households 60,038
Median age 39
Median household income $157,003
Avg household size 2.0
Renter-occupied housing units 31,427
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Bellevue, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Bellevue $918 11,514 SF 5.04%
Redmond $760 5,353 SF 4.09%
Nearby Retail Markets Avg Cost/SF Typical Size
Bellevue $842 3,543 SF
Newcastle $842 2,968 SF
Sammamish $1,230 1,240 SF
Seattle $632 8,220 SF
Renton $614 11,399 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bellevue $790 3,488 SF 3.50%
Seattle $406 11,502 SF 6.93%
Renton $321 15,595 SF 5.67%
Carnation $349 3,936 SF 5.48%

Commercial Properties For Sale in Bellevue

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4131 153rd Ave SE

Bellevue, WA 98006

  • 5,870 SF Specialty
  • 5.50% Cap Rate
  • $3,600,000
For Sale

Palazzo

Bellevue, WA 98004

  • 118,580 SF Multifamily
  • $2,950,000
For Sale

Northup Place Medical Dental Building

Bellevue, WA 98007

  • 12,929 SF Office Building
  • 4.09% Cap Rate
  • $8,950,000
For Sale

Bellevue 6-Unit

Bellevue, WA 98007

  • 5,366 SF Multifamily
  • 3.50% Cap Rate
  • $3,250,000
For Sale

Place Ten Professional Bldg

Bellevue, WA 98005

  • 32,329 SF Office Building
  • 5.04% Cap Rate
  • $18,000,000
For Sale

Prime Factoria development opportunity in Bel

Bellevue, WA 98006

  • 0.29 AC Lot
  • 1 Residential Income Lot
  • $2,250,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Bellevue pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Bellevue $864 48,818 SF
Newcastle $842 2,968 SF
Sammamish $1,230 1,240 SF
Redmond $697 5,192 SF

Multifamily Properties For Sale in Bellevue

For Sale

Palazzo

Bellevue, WA 98004

  • 118,580 SF Multifamily
  • $2,950,000

Regional Demographic Comparison

This comparison places Bellevue alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Bellevue or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Bellevue 148,219 60,038 39 $157,003 2 31,427 1%
Newcastle 13,559 5,355 41 $147,377 3 1,950 1%
Redmond 73,895 30,328 36 $154,057 2 18,297 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Bellevue, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Bellevue

View All Commercial Real Estate For Sale in Bellevue
Is Bellevue a good market for a first-time commercial real estate investor?

Bellevue offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Bellevue?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Bellevue. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Bellevue?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Bellevue. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Bellevue compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Bellevue. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Bellevue acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Bellevue, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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