Downtown Bellevue has been a focal point in the strategic plans of software and dot com giants such as Yahoo, Google and Microsoft, as the three competitors can’t seem to acquire enough office space. Microsoft has leased nearly every large vacancy in Downtown Bellevue, Google attempted to lease Tower 333, […]
Commercial Real Estate
The Village Bellevue – Open House
Today, from 4-8pm, The Village Bellevue will be hosting an open house to show off their rentable office space concept that will occupy a portion of Su Development’s Element’s Too building, which is currently under construction. We previously reported the announcement of this project back in March. They now have […]
Microsoft Leases City Center Plaza
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 […]
Q1 Commercial Real Estate Statistics for Downtown Bellevue
The first quarter office market statistics for the Bellevue CBD reflect a market in limbo, as nearly 75,000 square feet of office space was negatively absorbed, causing vacancy rates to tick up slightly to 7.23% in Downtown Bellevue. However, lease rates continued to rise, reaching $38.67 on average; a 2.5% […]
US Commercial Real Estate Vacancies Rise, Bellevue Still On Top
According to Cushman & Wakefield, the national trend in the first quarter for commercial real estate has vacancies rising from 9.7 to 9.9 percent. The average US commercial rent increased to $37.69 by the end of the 1st quarter. Bellevue, again, has continued to lead the pack with the lowest […]
Is the Downtown Bellevue Office Market Slowing?
City Center Plaza in Downtown Bellevue has begun to sneak up upon completion. This half million square foot building according to the Puget Sound Business Journal in a recent write up, has only El Gaucho as a signed retail tenant. Other buildings in the area such as, Tower 333 and […]
18 Cranes Up in Bellevue
The City of Bellevue’s Website just recently posted a listing of all 18 cranes (as of March 10th) and their locations within Bellevue. The majority of these cranes are due to the construction growth in Downtown Bellevue. Projects with cranes: Bravern – 4, Advanta – 3, Bellevue Towers – 2, […]
Marriott Breaks Ground in Downtown Bellevue; Again
More construction activity has commenced! The most recent block in Downtown Bellevue that has broken ground, is the South East quadrant of the intersection at 110th Avenue and NE 3rd Place. Nike Atlanta Falcons Washed of the City T-Shirt – Red, wholesale jerseys from china, Cheap washington redskins jerseys,Preschool Denver […]
The Village Bellevue – Rentable Office Suites
Su Development’s Elements Too project, which is currently under construction and slated for completion in Fall of ’08, has just signed it’s first retail tenant. The apartment complex, which has 48,000 square feet of commercial retail space, has committed The Village Bellevue to 14,000 square feet. The Village Bellevue will […]
Top Office Vacancies in Downtown Bellevue
Downtown Bellevue consists of 48 commercial office buildings totaling over 6.1 million square feet. The current vacancy rate in the submarket is 5.44% on a direct basis, nearly 5 percentage points below what is considered to be a “healthy” market. With so little vacancy there are very few large blocks […]
