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Seattle’s Office Sector: Q4 2023 Market Dynamics and Trends

At year-end 2023, the regional office market continues to struggle with negative net absorption, rising vacancy and meager investment activity. For the eighth...

AECCommercialIndustry News

Report: Eastside Developers Grapple with Uncertainty Amid Microsoft Exodus and Soaring Costs

By Kate Snyder Amid rising availability and rapidly rising debt costs plus Microsoft’s exit from the area, developers in the Eastside have more...

CommercialFeaturedIndustry News

Eastside’s Office Evolution: Microsoft Shrinks, Amazon Expands, and Hybrid Work Dominates

Microsoft’s Strategic Downsizing and Campus Focus The landscape of the Eastside office market is undergoing a significant transformation, led by key players like...

CommercialFeaturedIndustry News

Bellevue CBD Navigates Towards a Soft Landing Amidst Eastside Turbulence in 2024

As 2024 unfolds, the Bellevue Central Business District (CBD) presents a beacon of positivity and optimism in an otherwise turbulent real estate landscape....

AECCommercialIndustry News

Microsoft Embraces Data-Driven Workplace Transformation: Removing Assigned Desks for Infrequent Office Visitors

In a bold move toward a more efficient and collaborative workplace, Microsoft Corp. (Nasdaq: MSFT) is set to remove assigned desks and offices...

CoStat Seattle report Amazon Bellevue Felton Properties Google Lionstone Meta Metropolitan Park North Tower Microsoft Puget Sound Snohomish
CommercialFeaturedIndustry News

CoStar’s Seattle Office Market Report: A Tenant’s Landscape Amid Surging Vacancies and Falling Rents

By The Registry Staff The Seattle office market is facing a steep rise in vacancy rates, which have reached 13.6 percent, mirroring the...

CoStat Seattle report Amazon Bellevue Felton Properties Google Lionstone Meta Metropolitan Park North Tower Microsoft Puget Sound Snohomish
CommercialFeaturedIndustry News

Meta, Oracle, DocuSign and Flyhomes Reduce Office Space in Seattle

By The Registry Staff Seattle, known for its bustling tech scene, is witnessing a significant shift in its office space landscape as companies...

AECCommercialFeaturedIndustry News

Report: Eastside Development Pipeline Faces Challenges Amid Shifting Real Estate Landscape

By The Registry Staff The Eastside, particularly Bellevue and Kirkland, has been a hotspot for real estate development and corporate expansion over the...

CommercialFeaturedIndustry News

Report: Puget Sound’s Eastside Commercial Market Continues Downward Spiral, Data Shows Some Reasons for Optimism

By Kate Snyder The second quarter was a mixed bag for the Puget Sound region’s Eastside office market, according to a newly released...

CommercialFinanceIndustry News

Flexport Subleases 55,000 SQFT in Office Space from Amazon in Bellevue

By The Registry Staff The logistics startup Flexport is expanding its presence in Bellevue. The company has secured three floors in the Skyline...

CommercialIndustry News

T-Mobile Plans to Vacate 330,000 SQFT in Office Space Near Firm’s Bellevue Headquarters

By The Registry Staff T-Mobile US, Inc., opted not to renew a lease near its Bellevue headquarters last year and intends to vacate...

CommercialIndustry News

Salesforce’s Tableau to Sublease 212,000 SQFT In Seattle and Kirkland

By The Registry Staff Salesforce, the tech giant that owns Seattle-based Tableau, is further contributing to the softening office market in the area...

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