The Q2 2024 Eastside Office Market Overview by Broderick Group reports significant activity in the Eastside office market, especially in Bellevue’s Central Business District, which continues to attract strong tenant demand. The report outlines key trends, vacancy rates, and rental fluctuations across the region. Bellevue has seen notable lease transactions […]
The Bellevue City Council held a meeting on July 16, 2024, to initiate the development of a land use code amendment aimed at increasing flexibility for converting commercial or mixed-use buildings into multifamily housing. The proposed code change is in response to a state law that went into effect in […]
It was recently announced that the proposed Kroger-Albertsons merger will result in the sale of many grocery stores, including those in Bellevue. A total of 124 stores under Kroger and Albertsons brands will be affected. Kroger, which owns QFC and Fred Meyer, and Albertsons, which owns Safeway and Haggen, are […]
In a recent Bellevue City Council meeting, members unveiled plans to embark upon addressing the issue of affordable housing. The proposed 10-year target, planning to be revisited after comprehensive community engagement and thorough analysis in the fall, aims to deliver 5,700 housing units. This ambitious move comes after a 110% […]
According to a press release from the online fashion and lifestyle retailer, SHEIN, they will be opening a Seattle-area office in Downtown Bellevue, expanding its U.S. footprint. The office space is located at Bellevue’s Key Center. The nearly 10,000 square foot space will serve as a hub for SHEIN’s U.S. […]
Broderick Group’s most recent Eastside Office Market Report reveals a significant shift in the landscape of Bellevue’s commercial real estate, largely attributed to the planned exodus of Microsoft from the area. The fourth quarter of 2023 saw major vacancies at key locations, including Advanta, 90East, and Lincoln Square North, totaling […]
According to permits submitted to the City of Bellevue, ByteDance, a Beijing-based company, who owns the social media platform, TikTok, is requesting tenant improvements at 700 Bellevue Way Northeast. The files specify floors 23 through 26 for construction. The space to be leased by TikTok, is located at Lincoln Square […]
Marking a milestone in Bellevue’s 71-year legacy, Lynne Robinson has secured her third consecutive term as mayor, a first-time feat for any council-member in the city’s history. The decision was made unanimously at the City Council’s first session of the year held in early January. Robinson was initially elected to […]
In a decisive move during Monday’s session, the City Council signaled strong backing for the extension of the development agreement with Seattle-based developer, Wright Runstad & Company. This is an important step toward the continued advancement of the Spring District catalyst project in BelRed. Dating back to 2009, the city’s […]
Bellevue has once again demonstrated its commitment to data-driven governance by achieving What Works Cities silver certification for the third time in five years. This prestigious national recognition highlights the city’s exemplary use of data and evidence in decision-making processes, placing Bellevue among a distinguished group of cities leading the […]
