Bellevue Emerges as Magnet for New Market Entrants Q3 2025

Bellevue CBD remains the Puget Sound region’s leading office market, driven by corporate return-to-office mandates and renewed tenant interest. New to-market tenants and Seattle-based tech firms are actively touring Bellevue, reinforcing its status as the region’s most desirable office submarket. Despite
lingering large-block vacancies, Bellevue’s role as a regional hub and magnet for new entrants positions it to lead the Eastside’s rebound.

Amazon’s early push to reestablish in-office culture has been pivotal, with recent permit submissions for interior buildouts at Artise and West Main totaling over 1.2 million RSF. Microsoft has also reinforced market confidence with its 3-day in-office mandate and withdrawal of its 500,000 SF sublease at Millennium Corporate Center. These moves by the region’s largest employers have laid the foundation for broader market stabilization.