Redmond, Washington, is an attractive location for investing in commercial real estate, with its strong technology industry and proximity to Seattle. Commercial real estate in Redmond offers a range of investment opportunities, from office buildings to retail spaces, and can provide a stable source of income through rental properties. The city's infrastructure, including the Redmond Regional Library and DigiPen Institute of Technology, supports a diverse economy and provides amenities for residents and businesses. Redmond's location, with easy access to State Route 520 and the Evergreen Point Floating Bridge, makes it an ideal spot for businesses looking to connect with Seattle and other surrounding areas. The city's mild climate and scenic parks, such as Marymoor Park, also make it an attractive location for businesses and residents alike. With major companies like Microsoft and Nintendo of America headquartered in Redmond, the city is a hub for technology and innovation, making it an excellent choice for commercial real estate investment.
Currently, there are 14 commercial real estate listings available in Redmond, offering a range of properties to suit different investment needs. The average price per square foot for commercial real estate in Redmond is $904 USD, with an average property size of 10,295 square feet. The largest property available is 49,915 square feet. In addition to commercial real estate, Redmond also offers other property types, including industrial properties, which can be used for manufacturing and logistics; apartment buildings, which provide rental income; office properties, which are ideal for businesses looking for a professional space; and hotels, which cater to the city's growing tourism industry. With its diverse economy and range of property types, Redmond is an excellent location for investors looking to diversify their portfolio. The city's strong technology industry, scenic parks, and mild climate make it an attractive location for businesses and residents, supporting a stable and growing commercial real estate market.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Redmond, Washington, there are several choices available to investors and business owners, including:
- Traditional bank loans, which offer competitive interest rates and flexible repayment terms
- Private money lenders, which provide alternative financing options for those who may not qualify for traditional bank loans
- Small Business Administration (SBA) loans, which offer favorable terms and lower down payments for small business owners and entrepreneurs
With 14 available listings of commercial real estate in Redmond, understanding the financing options is crucial in making an informed decision. The average price per square foot is $904 USD, with an average size of 10,295 square feet, and a largest size of 49,915 square feet. Additionally, the average cap rate is 4.14%, making Redmond an attractive option for commercial real estate investors.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Redmond, Washington, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 4.14%, investors can gauge the property's income-generating potential, making it an essential factor in their purchasing decisions, as explained in our article on what is a cap rate.
In Redmond, where technology companies like Microsoft and Nintendo of America have a strong presence, commercial properties with higher cap rates may be more attractive to investors seeking to capitalize on the area's growing economy. With 14 available listings of commercial real estate, investors have a range of options to consider, from properties with average sizes of 10,295 square feet to larger spaces of up to 49,915 square feet, and prices averaging $904 USD per square foot.
What is considered a commercial property?
In Redmond, Washington, a commercial property is typically considered any property that is used for business or commercial purposes, such as office buildings, retail stores, restaurants, warehouses, and industrial facilities, among others. With 14 available listings of commercial real estate in Redmond, investors and business owners have a wide range of options to choose from, with properties ranging in size from 10,295 square feet to 49,915 square feet, and prices averaging $904 USD per square foot, with an average cap rate of 4.14%.
