Downtown Bellevue’s office market is showing strong signs of activity to start 2026, driven largely by growth from tech companies and new businesses entering the area.
According to Broderick Group’s Eastside Office Market Report for the first quarter of 2026, several major lease deals highlight continued demand for office space in Bellevue. One of the biggest came from Snap Inc., the parent company of Snapchat, which expanded its space at Midstation Bellevue by 42,461 square feet.
With this latest deal, Snap now occupies more than 158,000 square feet at the building located at 110 110th Ave. NE. This marks the company’s second expansion at the site, following another lease in late 2024 for 38,730 square feet. The continued growth shows a clear commitment to Bellevue.
This kind of expansion is happening across downtown. Zoom, which moved into the Symetra building about a year ago, has already expanded by an additional half floor, bringing its total footprint to approximately 30,007 square feet. Meanwhile, xAI signed a lease for a full floor at Lincoln Square South, marking one of the more notable new technology companies entering the Bellevue market.
Companies like ZS Associates and OpenAI are also contributing to the trend, helping to lower the overall vacancy rate. As more companies take up space, fewer large office suites are left available.
Broderick Group noted that demand in the first quarter of 2026 is keeping pace with—or even exceeding—four of the past five years. Much of this activity is coming from companies expanding or moving into Bellevue for the first time, rather than just relocating within the area.
That’s a positive sign for the market, as it means overall occupancy is growing. Instead of companies simply shifting locations, more space is actually being filled.
“The influx of new-to-market entrants, combined with expansion activity from emerging tech companies, is reinforcing Bellevue’s long-term resilience,” the report states, adding that the market is better positioned to handle changes in any one industry.
Overall, the early months of 2026 suggest Bellevue remains a strong and attractive location for growing companies, with steady demand expected to continue throughout the year.
