As rumored last week, Microsoft has fully leased City Center Plaza on 6th Street in Downtown Bellevue. The 26-story, 571,806 square foot building will add to the already large footprint Microsoft has in Downtown Bellevue, which will make them Bellevue’s largest
employer. City Center Plaza building will allow for about 2,000 Microsoft employees.
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This is especially positive news for the economic status of Downtown Bellevue, creating even lower vacancy rates and potentially driving up the already high price of office space in the area!
In addition to leasing all the available large space in downtown Bellevue, Microsoft is adding a large complex to its Redmond headquarters along NE 40th St. You can see the 8 cranes popping up from the site along highway 520.
It looks like Microsoft will be doing a lot of hiring over the next few years. All this bodes very well for the housing market here.
Yes, lots of construction in Redmond, but there is also a very large development that Microsoft will occupy in Eastgate as well!