Market Insight Snapshots

04/01/2026

Q1 2026 Recovery Gains Depth and Diversity

The Eastside office market entered 2026 with continued momentum following OpenAI’s 250,000 SF expansion at City Center Plaza late last year. While Q1 leasing volume was relatively measured, the pipeline of larger Bellevue CBD requirements remains active, with several sizable transactions nearing execution that should further support Downtown Bellevue’s stabilization and recovery. Overall sentiment remains constructive, reinforced by steady tenant…

04/01/2026

Q1 2026 Market Report Appendix

01/14/2026

Q4 2025 Poised for a Resilient Recovery in 2026

The Eastside office market ended 2025 with slow but steady recovery momentum, supported by rising tenant engagement, increasing tour activity, and new large requirements forming in the Bellevue CBD. Return‑to‑office policies remain a major tailwind, with Amazon’s mandate and Microsoft’s upcoming three‑day requirement reinforcing confidence in the market. Amazon’s continued investment in major Bellevue developments further signals long‑term commitment and…

10/09/2025

Q3 2025 Bellevue Emerges as Magnet for New Market Entrants

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. Despitelingering large-block vacancies, Bellevue’s role as a regional hub and magnet for new entrants positions it to lead the Eastside’s…

10/01/2025

Q2 2025 Suburban Demand and Emerging Growth Signals

Downtown Bellevue’s vacancy challenges persist, but steady tours show tenant interest is still alive. Across the Eastside, demand is strongest for turnkey, updated spaces, signaling a slow but promising shift toward growth. Suburban markets are picking up, especially along I-90 and in Bothell, where tenant demand is the highest in years. Smaller, move-in-ready spaces are leading the way as confidence…

04/01/2025

Q1 2025 A Measured Start with Continued Optimism

The Eastside office market entered 2025 with a slower pace as large tenant demand softened and leasing activity cooled, particularly in Downtown Bellevue, which continues to face sizable vacancies. However, key lease renewals from Amazon (via WeWork), Salesforce, and eBay reflect a growing return-to-office trend and renewed corporate commitment to the market. Amazon’s five-day office return policy has boosted foot…