Amazon Subleases over 720K SF in Downtown Seattle

February 2, 2019

Derek Pedersen

Market Expert
Associate, Savills Studley
Washington Licensed Real Estate Broker

Call 206-422-6198

In a big move that has everyone scratching their heads…the Puget Sound Business Journal reported last week that Amazon will market for sublease all 722,000 SF in the yet to be completed downtown skyscraper.

Amazon has recently been on a leasing spree just to the east across Lake Washington in downtown Bellevue. The decision to sublease  space in downtown Seattle is less about economic hardship and more about sending a clear message to Seattle’s city council, who has been historically anti-business.

The news of 722,000 SF coming back on to the market bodes very well for the other large tech companies who are actively looking for space at the moment. The 722,000 square feet equals about a third of the market’s new supply. This will flip the supply and demand curve for 2020, and slow the acceleration of Class A rental rate increases.

Several rumors point to Apple, and/or Convoy taking up the remaining space, listed at $45/NNN/SF. Based on the industry standard of one employee per 150 square feet of office space, Rainier Square would have room for some 4,800 full-time employees.

It will be interested to see how this plays out… stay tuned!

Recent Posts

Wingate Hughes’ Former Space Available for Sublease at

  • By Jon Glass | February  28,  2018

3,000 SF Sublease with Term Through June 2020 Perfect for Tech/Start-Up Companies   A large portion of the spaces featured here on the Washington, DC page of have been designed by Wingate…

West Loop Steal

  • By Tech Office Spaces | June  07,  2017

It's not often we see a direct leasing opportunity (not a sublease) for sub $30/rsf gross (all-in). That's why 120 N. Racine caught our attention. They are asking $22/rsf gross…

West Loop Chicago Sublease

  • By Tech Office Spaces | April  20,  2017

Looking for an available office space at a significant discount? The 820 W. Jackson building has a 5,955 SF brick and timber loft available for sublease through 12/31/2020. A couple…