FOUR106
Eastside Office Demand Holds Near 3.7MM SQFT as Databricks and OpenAI Anchor Bellevue’s Flight to Quality
A wave of large lease executions led by Databricks converted years of pent-up requirements into signed deals, yet nearly 3.72 million square feet...
Bellevue Anchors Puget Sound Office Rebound as Regional Vacancy Climbs to 23.4% in Q2 2026
A widening split defined the Puget Sound office market in the second quarter of 2026, with Bellevue’s AI-fueled leasing surge and a thinning...
Puget Sound Office Leasing Reaches 4.6MM SQFT in First Half, Strongest Since 2019 as Availability Slides to 26.5%
The Seattle/Puget Sound office market posted 2.4 million square feet of leasing in the second quarter of 2026 and 4.6 million square feet...
Eastside Office Construction Goes Dark in 2026 After 4.9MM-SQFT Wave, With 14.7MM SQFT Waiting in the Wings
The Eastside office market will not deliver a single new building in 2026, a deliberate pause that hands landlords a rare window to...
Downtown Bellevue Roars Back in Q2 2026 With 366,000 SQFT Absorption Surge Led by Uber and AI Tenants
Downtown Bellevue posted the strongest quarterly absorption of any Eastside submarket in the second quarter of 2026, clawing back 366,168 square feet as...
Eastside Office Market Turns a Corner in Q2 2026 as Absorption Goes Positive, But 21% Vacancy Lingers
The Eastside office market recorded its first meaningful positive absorption in more than a year during the second quarter of 2026, absorbing nearly...
Snowflake Expands to Floors Seven Through Nine at Bellevue’s Block 6 as Databricks Closes In
Snowflake Inc. is pushing deeper into its Bellevue headquarters, building out three additional floors at the Spring District’s Block 6 just as rival...
Puget Sound Office Market Notches First Positive Absorption in Four Years, Even as Layoffs Mount
Vacancy and availability declined simultaneously for the first time in the recovery cycle, but surging tech-sector cuts and a weakening labor market threaten...
PMF Investments Sells 35,000 SQFT Homeport Building and 118-Slip Marina Site in Kirkland for $46MM
The trophy Lake Washington waterfront asset cleared a complex disposition shaped by mixed product types, a below-market anchor lease and deferred maintenance —...
Uber More Than Doubles Puget Sound Presence with 170,000 SQFT Lease at Four106 in Bellevue
Ride-hailing giant commits to one of the largest office deals in downtown Bellevue in recent years, bringing its total regional footprint to more...
Puget Sound Developers Advance Office Projects Through Permitting and Demolition as Construction Pipeline Sits Empty for First Time in Over a Decade
With zero square feet under construction and no deliveries in Q1 2026, early-stage development signals suggest the region’s next building cycle is being...
Uber Explores Major Bellevue Expansion at Four106 Tower
Ride-hailing giant in talks for downtown tower space as expansion beyond Seattle headquarters amid tech firm migration to Eastside Uber Technologies Inc. is...
