Redmond, Washington, a city located 15 miles east of Seattle, offers a unique opportunity for investors to capitalize on the growing demand for retail properties. With a strong technology industry and a diverse range of businesses, including Microsoft and Nintendo of America, Redmond has established itself as a hub for innovation and commerce. Retail properties in Redmond can represent a variety of investments, from small storefronts to large shopping centers, each offering a unique set of benefits and opportunities. The city's amenities, including Marymoor Park and the Redmond Central Connector, make it an attractive location for businesses and residents alike. Additionally, Redmond's proximity to Seattle and its access to State Route 520 and the Evergreen Point Floating Bridge make it an ideal location for businesses looking to serve the broader region. With a population of around 70,000, Redmond offers a stable and growing market for retail businesses. The city's downtown area is also home to a variety of cultural attractions, including the Eastside Symphony and the Second Story Repertory theater company, making it a great place to live, work, and visit.
Currently, there are 1 retail properties for sale in Redmond, offering a range of options for investors. The average price per square foot for these properties is , with an average size of 49,915 square feet. The largest property available is 49,915 square feet. In addition to retail properties, Redmond also offers a range of other commercial properties, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Redmond offer a range of retail and dining options, while restaurants in the city serve a diverse range of cuisines. Office properties in Redmond are home to a variety of businesses, including technology companies and startups. Hotels in the city offer convenient accommodations for visitors and business travelers. With its strong economy and diverse range of businesses, Redmond is an attractive location for investors looking to capitalize on the growing demand for commercial properties.
What is the average cap rate for retail properties in Redmond?
When it comes to retail properties in Redmond, investors can expect an average cap rate of , which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Redmond, Washington, location and foot traffic play a significant role in determining retail property values. Properties situated in high-demand areas, such as Downtown Redmond or the Redmond Town Center, with proximity to major employers like Microsoft and Nintendo of America, tend to have higher values due to increased foot traffic and exposure to a large customer base.
