One of the Last Remaining Large Blocks of Space in Downtown Bellevue

July 25, 2018

Derek Pedersen

Market Expert
Associate, Savills Studley
Washington Licensed Real Estate Broker

Call 206-422-6198

Skyline Tower is a 24-story, Class A office building that can be customized to meet the needs of growing businesses. Skyline Tower’s renovated lobby and exterior plaza include modern finishes and comfortable seating. Conveniently surrounded by transit this building offers a great opportunity for an existing or new to Bellevue TAMI user.

Measuring 18,528 RSF each, the entire 4th and 5th floors are great opportunities to occupy full floors in a great location. Bellevue vacancy is hovering right around 6% right now, and is predicted to drop to 3.2% by the end of 2019. With no new deliveries currently underway, an office project just across the street of Skyline named Summit III has a predicted delivery of 2020, however there already is strong leasing activity rumored by Amazon. Finally, one rumor indicates Expedia Tower has already been backfilled by Amazon.

The previous user was Valve Software, the fast expanding video game developer who recently moved operations to Kemper’s new Lincoln Square South Tower. The spaces are currently built with polished concrete floors, an internal stairwell, exposed ceilings, and four sides of light, coupled with a newly renovated lobby. Available immediately for occupancy. There is a very limited amount of full floor office space opportunities in downtown Bellevue and when they become available… they are not on the market for long.

Recent tenants leasing space include Dassault Systems and Eagleview Technologies for a combined 74, 119 SF with Dassault taking 18,534 SF, and Eagleview 55,585 SF respectively.

  • $38.00/NNN. 2018 OpEx is $14.46/SF
  • Parking 2/1,100 @ $240 per stall.

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