According to a commercial real estate listing Microsoft is attempting to sub-lease seven floors of their office space at The Bravern in downtown Bellevue.
Floors 4 – 10 are available for a total of 166,873 square feet. According to marketing materials the floors are divisible by floor. The rental rate is being marketed as $22 per square foot. Companies interested in moving into The Bravern will be able to sub-lease the space as early as September 1st, 2015.
This comes only a few weeks after Expedia announced that they will move their corporate headquarters from downtown Bellevue to Seattle by 2018.
Tags: Microsoft The Bravern
This has to be troubling to many. I see a lot of new office space under construction driven by zero vacancy a year ago – now Bellevue is looking at a significant amount of open office space before these new building hit the rental market. I predict a 20s era depression ensues while Seattle thrives.