Login

With New Office Development in Short Supply, Retrofitted Buildings in Suburban Bellevue Score Big

CoStar Market Insights: OfferUp and T-Mobile Among Tech Firms Leasing Space in Renovated Bellevue Office Buildings
Onward Investors purchased the former American Automobile Association Building in 2016 for $10.25 million and later sold it for $26.7 million in early 2018 after it renovated the office and landed OfferUp as its sole tenant. Photo: LoopNet
Onward Investors purchased the former American Automobile Association Building in 2016 for $10.25 million and later sold it for $26.7 million in early 2018 after it renovated the office and landed OfferUp as its sole tenant. Photo: LoopNet
By Jared Kadry
CoStar Analytics
January 31, 2019 | 10:17 P.M.

Demand for office space is at an all-time high in Seattle, especially in Bellevue's tech corridors. Tight vacancy because of limited new development and continued strong demand has allowed landlords with buildings in this area to attain some of the highest rents in the market.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | With New Office Development in Short Supply, Retrofitted Buildings in Suburban Bellevue Score Big