Bellevue is making headlines with its emerging culinary scene. Recently featured in Forbes, Bellevue is garnering attention for its diverse food offerings. Known for its tech industry giants like Microsoft and Amazon, the city is now turning heads with its wide variety of restaurants, from fine dining to trendy cafes […]
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 […]
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 […]
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 […]
Microsoft’s biggest office space in Downtown Bellevue, located at The Shops at The Bravern, will not be renewing their lease once it’s up in 2025. According to Puget Sound Business Journal, the tech company confirmed that it is due to expire in 2025. The address for this office space is […]
The Global Innovation Exchange (GIX) building in the Spring District, which is currently leased by Microsoft, is on the market for sublease. Commercial Real Estate company, CBRE, is marketing the property on their website. The address is 12280 NE District Way. According to the listing, the space is 96,231 square […]
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 […]
According to a notice that was recently filed with the Washington State Employment Security Department, 448 employees will be let go from Amazon in the Bellevue area. The notice highlights that there will be 2,300 layoffs, with 1,852 jobs being affected in Seattle. The layoffs will officially begin on March […]
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 […]
