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 […]
Just before the beginning of the new year, we take a look back at our top 10 articles according to our readers. In 2020, the articles that were the most popular focused on how our community went through great change during COVID and 2021 was all about store closures and […]
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 […]
Microsoft currently has five different leases in Bellevue. One of the leases is set to expire in years to come, and they will not be renewing it, according to Puget Sound Business Journal. The tech company confirmed that they decided not to renew the Advanta lease in September 2023. Microsoft’s […]
According to public records, the office towers and garage at The Bravern were recently sold for $585 million. The buildings are located at 11025 and 11155 Northeast Eighth Street. Bravern Bellevue LLC sold the towers to Invesco, an investment management company. Bravern Bellevue LLC purchased the office towers from Schnitzer […]
