Downtown Bellevue on Track for 1.2MM SQFT of Absorption in 2027 as Vacancy Heads Toward 15%

Broderick Group projects Downtown Bellevue will post roughly 1.2 million square feet of net absorption in 2027, most of it from leases already signed, pushing CBD office vacancy from 23.7 percent today to 16.6 percent in 2027 and 15.0 percent in 2028.