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 […]
Commercial Real Estate
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 […]
New Office Building in the Works on 108th Ave
Seattle Times article on Thursday reported on a 15-story office tower on 108th Ave that began construction after long delays this week. Bentall Capital U.S. has been planning since 2005 to begin construction on this project, and it is now finally underway. This new office building will allow for 15-stories […]
Avalon Meydenbauer – Retail Details
Safeway will be the main anchor of the retail space at Avalon Meydenbauer with 55,000 sq. ft. and will be accompanied by many other complimenting retail stores. Tenants already expected to occupy the north end of the building include: Subway, Cefiore Frozen Yogurt, Happy Nails & Spa, and The Vitamin […]
