Kidder Matthews recently published their Seattle office CRE market. Much of the information highlighted that Bellevue has shown to be thriving in comparison to other cities in the struggling office market. Even with an increase in vacancy rates, the Eastside has maintained the lowest regional vacancy rate. Bellevue has shown […]
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 […]
Tenants are delaying making real estate decisions and have generally been targeting shorter term leases as Work From Home and hybrid work are embraced. To add to that, there is currently a tech downturn with huge layoffs. Meta recently confirmed that they plan to sublease their office space in the […]
Mayor Lynne Robinson of Bellevue, recently cut the ribbon in the Spring District to welcome Meta to the neighborhood. An open house was held at Block 16. Block 16 is an 11-story building, which Meta leased in 2019. It features 338,000 square feet of office space. The company signed a […]
According to a press release from Wright Runstad & Company, their company, along with Shorenstein Properties, recently announced that The Spring District has been awarded “LEED for Neighborhood Development”. The certification considers the entire communities and is a set of performance standards created to inspire and create more sustainable, well-connected […]
Wright Runstad & Company and Shorenstein Properties recently announced that they have pre-leased Block 13 in the Spring District. The planned office building has been leased to Meta. Block 13 will be a nine-story office building with 208,000 square feet of space. The architect for the project is NBBJ. Block […]
