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UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
Formation Report Warns Seattle’s Office Vacancy and Tax Base Are Locked in a Downward Spiral
A new independent assessment of Seattle's economy finds the city's record office vacancy and its reliance on a handful of tech employers for...
Meta Lists 135,000 SQFT in Seattle and Redmond for Sublease as Washington Retreat Deepens
Meta has placed roughly 135,000 square feet of additional Seattle-area office space on the sublease market, listing space in Seattle's Sodo neighborhood and...
MRM Capital Lists for Sale 102-Unit BELL10 Development in Downtown Bellevue
An entitled site for a 102-unit apartment development has hit the market in Downtown Bellevue just as the submarket's housing pipeline hits a...
Wright Runstad Sharpens 555-Unit Housing Plan at Bellevue’s Spring District With Clark Barnes Design
Wright Runstad has brought architect Clark Barnes onto its plan to build 555 market-rate apartments on parcels at Bellevue's Spring District that were...
AT&T Weighs Exit From Bothell Campus, Eyes 250,000 SQFT in Bellevue
AT&T is quietly shopping for a new Eastside office home while weighing whether to abandon and sell the three-building Bothell campus it has...
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...
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...
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...
Data Center Vacancy Hits Near Zero as AI Demand Outruns Power and Permitting
With vacancy at essentially zero and tenants signing leases three years before space delivers, Digital Realty Chief Executive Officer Andy Power and CBRE's...
Spear Street to Buy Seattle’s US Bank Center from Blackstone at $280MM, 54% Below 2019 Price
The pending recap of the 944,000-SQFT downtown tower marks one of the starkest writedowns yet on a Seattle trophy office, even as Bellevue...
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...
