Articles about commercial real estate

Seattle region’s office market shows signs of life as AI companies bring stability

A new report finds the Seattle-area office market is on steadier footing, helped by AI companies opening engineering hubs across the region. Technology firms accounted for 42.5% of leasing activity in the second quarter. Read More

Salesforce’s Tableau renews Fremont office lease, signaling long-term Seattle commitment

The renewal continues Tableau’s long association with Fremont, where the company added offices over the years to accommodate its rapid growth before its $15.7 billion acquisition by Salesforce in 2019. Read More

Anthropic expands in Seattle as AI boom offers hope for struggling office market

The maker of the Claude AI model recently finalized a lease at Dexter Yard North in Seattle’s South Lake Union neighborhood, capping months of speculation about the company’s expansion plans in the region. Read More

Report puts Seattle among leading global innovation cities, but it needs more premium office space

The latest edition of commercial real estate firm JLL’s Innovation Geographies report reveals that while Seattle is outpacing traditional hubs like New York and London in talent migration, a shortage of “investment-grade” real estate is creating a bottleneck for the city’s next era of tech expansion. Read More

Amazon to move out of longtime office building near its main Seattle headquarters

The tech giant has occupied the seven-story, 251,000-square-foot space owned by Seattle Children’s since 2014. Read More

Elon Musk’s xAI lands in Bellevue, joining OpenAI in growing Eastside AI corridor

Elon Musk’s xAI is setting up shop in downtown Bellevue, with job listings showing the office will go beyond infrastructure to serve as a hub for core AI model development. Read More

Office vacancy hits another record in downtown Seattle despite new tech leases

Seattle’s commercial real estate market continues to struggle amid remote work and broader pressures including tech layoffs and companies using AI to operate with leaner teams. Read More

Seattle vs. Bellevue: WSJ report spotlights why some tech companies are heading east

Peter Steinbrueck, a former member of the Seattle City Council, told the WSJ that Seattle’s glory days of economic expansion have ended and “the pendulum has swung to the Eastside.” Read More

Customer data startup Amperity moves to new downtown Seattle office with room to grow

Amperity, the Seattle-based startup that helps companies collect and manage customer data, moved to a new office in downtown Seattle.… Read More

Amazon plans logistics site in new industrial building on former Weyerhaeuser campus

Amazon plans to use a new building on the former Weyerhaeuser corporate campus in Federal Way, Wash., as a future… Read More

Amazon restarting construction on 22 unfinished floors inside Bellevue office tower

Amazon is restarting construction on a 42-story office tower in Bellevue, Wash., to complete 22 floors of the building’s interior… Read More

Office-to-residential conversion is a trendy idea for downtown resurgence — but has big challenges

Office-to-residential conversions are frequent fodder in discussions of the post-pandemic city, downtown regeneration, and hopes to contain rising housing costs.… Read More

Slalom moving its HQ and name to ‘Hawk Tower’ near Seattle sports stadiums

A new company will make its nest in Seattle’s “Hawk Tower” in the new year. Seattle-based business and technology firm Slalom… Read More

Inside Amazon’s new Bellevue office tower, where the company is testing evolving workplace designs

Nobody dropped the tech industry’s tried and true “fail fast” mantra, but during a tour Wednesday of Amazon’s newly opened… Read More

Seattle office space demand is lowest among U.S. cities measured in new report

The demand for office space in Seattle is the lowest among all cities measured in a new report from VTS,… Read More

Amazon begins shifting 2,000 employees from Seattle to new Bellevue office towers

Amazon has moved about half of a planned 2,000 employees from Seattle to Bellevue, Wash., where the company ultimately plans… Read More

Commercial furniture and equipment procurement platform Source snags $8.5M

Source, a Portland, Ore.-based startup that helps architectural and design firms procure interior design products for commercial real estate projects,… Read More

McKinsey report details how hybrid work is ‘here to stay’ and the ripple effects on real estate

A new report by consulting firm McKinsey & Co. highlights “substantial” challenges for cities and commercial real estate players due… Read More

Seattle-area office market ‘continues to struggle’ with rising vacancies and hybrid work policies

Seattle-area office vacancy rates have more than doubled from pre-pandemic levels, reflecting the ongoing impact of macroeconomic uncertainty and work-from-home… Read More

DoorDash expanding engineering footprint in Seattle with new downtown office space

DoorDash, the food ordering and delivery company, is expanding its office footprint in Seattle two years after starting an engineering… Read More

Photos: Inside Google’s sprawling new campus east of Seattle as it doubles down on a return to offices

Google is going gangbusters in the suburbs east of Seattle. The tech giant gave an inside look Thursday at the… Read More

In Seattle and across U.S., tech is gobbling up office space, even as remote and hybrid work takes hold

Even as companies and employees continue to grapple with what the future of work will look like, and where that… Read More

Moving in after Amazon backed out: Inside Rainier Square, Seattle’s new office and residential tower

Two and half years after Amazon backed out of plans to occupy a giant new skyscraper in downtown Seattle, commercial… Read More

Data analytics startup NavigatorCRE raises $17.2M for tech that aids commercial real estate industry

Seattle-based NavigatorCRE, makers of a data analytics platform that serves the commercial real estate industry, has raised $17.2 million in… Read More

SpaceX leases new 125,000-square-foot complex in Seattle area as Starlink satellite operation grows

SpaceX is leasing a 124,907-square-foot building complex that’s under construction in Redmond Ridge Business Park, east of Seattle, according to… Read More

Amazon leases another Bellevue office tower as it makes room for planned 25k employees in city

Amazon is making room for some of the 25,000 employees it plans to add in Bellevue, Wash., announcing Tuesday that… Read More

Facebook buys REI’s new HQ for $367M, expanding Seattle-area footprint beyond 3M square feet

Facebook is yet again expanding in the Seattle region, its largest engineering hub outside of Silicon Valley. The social media… Read More

Historic steam plant in Seattle gets a fresh new look courtesy of Fred Hutch

The Fred Hutchinson Cancer Research Center has a historic new signpost on Seattle’s Lake Union. The institution has started adding… Read More

This startup wants to bring commercial real estate investing to the masses

Less than a year after selling his telecommunications startup, Flowroute founder Sean Hsieh has embarked on a new venture that… Read More

New filing reveals the bill for Expedia’s Seattle waterfront campus: $190M in 2018 and up to $475M this year

Expedia is getting closer to moving into its prized Seattle waterfront campus, and the financial details of the massive project… Read More