Block 15, an 11-story office building in Bellevue’s Spring District, is seeking Design Review approval from the City of Bellevue. Located at the corner of NE Spring Boulevard and 124th Avenue NE, the building is part of the larger Spring District Master Development Plan (MDP). The building will provide approximately […]
Tag: Broderick Group
Bellevue’s Central Business District Drives Growth in Eastside Office Market
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 […]
Bellevue Office Tower Reaches Full Height After Two Years of Construction
The Four106 office tower at 320 106th Avenue Northeast has reached its full height in downtown Bellevue. Construction began two years ago. In July 2022, Patrinely Group and Dune Real Estate Partners broke ground on their project at the southeast corner of Northeast 4th Street and 106th Avenue Northeast. The […]
Is TikTok Expanding their Footprint at Bellevue’s Lincoln Square?
TikTok, the popular social media platform, reportedly continues to expand its presence in downtown Bellevue. Situated at Lincoln Square North, owned by Kemper Development Company, the office now spans approximately 150,000 square feet at 10401 Northeast 8th Street. The Broderick Group confirmed that floors nine and 11 through 16 have […]
Bellevue Office Market Faces Challenges Amid Microsoft Exodus
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 […]
Amazon Employees Begin Relocating from Seattle Office Space to Bellevue
Amazon is moving 2,000 office employees from Seattle to Bellevue into two office towers. Costar News, a commercial real estate website, first reported the news. Vulcan Real Estate’s 555 Tower is one of the two office buildings where Amazon employees will be moving into this fall. The first 19 floors […]
TikTok Leases Office Space in Bellevue as Tenant Demand Increases
Broderick Group has just published their latest Q3 report on the Eastside Office Market. ByteDance, the Beijing-based parent company of TikTok, is doubling down on their presence in the Key Center tower. They’ve secured an additional 66,000 square feet of office space in the same building, until the end of […]
Meta to Sublease Office Space in Downtown Bellevue
Meta, the social media company, has announced that it will be subleasing its office space in downtown Bellevue. The company has decided to downsize its operations in the area due to changes in the nature of work brought about by the pandemic. The move will see Meta sublease up to […]
Walmart Subleases 20,000 Sq Ft of Office Space at Bellevue Place
It was recently made public that Walmart subleased office space at Bellevue Place. The space in Downtown Bellevue was previously occupied by Smartsheet. We reported in August 2022 that Smartsheet consolidated their headquarters into once location in Bellevue, moving out of Bellevue Place. Employees are now solely working at the […]
Bellevue Downsizing and Vacancy Rates Increase as Tech Companies Embrace Work from Home and Hybrid Work
Commercial real estate brokerage, Broderick Group, recently published their Q3 2022 Eastside Office Market Overview. This included current news and trends, Eastside’s new development forecast, office market history, and more. In July 2022, Amazon announced that they would be pausing construction on six of their office towers in Bellevue. Bellevue […]