Brand New Tech Office Space Sublease in Redmond – 8,387 to 19,000 Square Feet

October 15, 2018

Derek Pedersen

Market Expert
Associate, Savills Studley
Washington Licensed Real Estate Broker

Call 206-422-6198

New to Market! Incredible Redmond Tech Sublease Opportunity

Located in what possibly could be the tightest office market on the West Coast, Redmond, WA is home to this new to market sublease opportunity! If you are looking for a high-quality tech friendly user experience east of Lake Washington at below market rates, this could be your perfect home. This space offers a look at what a modern tech user values most including plenty of natural light, and ample wide open space. The building itself has its own fitness center, showers, and lockers.

Details are as follows:

Location: Redmond Technology Center- 18300 Redmond Way, Redmond, WA 98052

Space: 19,012 RSF divisable to 8,387 RSF

Rental Rate: $35.03/FSG/RSF/Year

Build-out: Multiple conference rooms, 11 private offices, kitchen/lounge, workroom, reception,
phone room, open space for work stations and extensive window line

Parking: Both surface and covered parking is available

Amenities: The Redmond Tech Center is Class A office building with high-end finishes, close proximity to Whole Foods, residential suburbs, and amenities including Redmond Town Center, Whole Foods, Peet’s Coffee & Tea, Panera Bread and Chipotle Mexican Grill. If you are commuting, you will have immediate access to SR-520.

Redmond = Tech

The presence of tech here has clearly been a net positive this cycle. Since 2010, vacancies have been far lower than the metro average.
Excluding the Microsoft campus, the rest of the Redmond Submarket vacancy rate is similarly tight, at 4%.

The City of Redmond does not have a business tax, which helps to attract companies
in the high-tech industries. The major presence of Microsoft guarantees a highly educated
labor force and reinforces the tech culture here. The company also announced that it will
add 2.5 million SF to its campus and renovate nearly 7 million SF of existing space by 2025,
although plans submitted to the city in early 2018 indicate an even more aggressive completion date
in 2022. The project will cost more than a billion dollars and will likely add at least 8,000 employees.

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