Presentation on theme: "Real Estate Reality Check Downtown Bellevue Office Space GARY GUENTHER | Office Specialist Senior Vice President Gary Guenther Partner - Senior Vice President."— Presentation transcript:
Real Estate Reality Check Downtown Bellevue Office Space GARY GUENTHER | Office Specialist Senior Vice President Gary Guenther Partner - Senior Vice President GVA Kidder Mathews 500 108th Avenue NE, Suite 2400 l Bellevue, WA 98004 T 425.450.1154 l F 425.451.3058 firstname.lastname@example.org@gvakm.com l www.gvakm.comwww.gvakm.com
LARGE BLOCKS & SHADOW SPACE 50,000 – 100,000 SF 11 spacesEastside Office Market 1 spaceBellevue CBD 20,000 – 50,000 SF 53 spacesEastside Office Market 14 spacesBellevue CBD Shadow Space = Currently leased, but unoccupied or scheduled for give-back
DELAYED PROJECTS BELLEVUE CBD PREVIOUSLY PROPOSED OFFICE PROJECTS The Summit/Phase III333,000 SF Beacon – NE 8 th 800,000 SF Lincoln II600,000 SF Washington Square600,000 SF Bank of America Site 400,000 SF SRO Site500,000 SF 3,233,000 SF
WHO ARE THE TENANTS BELLEVUE CBD OFFICE TENANTS BY SQUARE FOOTAGE LEASED
TENANTS TRENDS 2009 + Renewals Over Relocation Flight to Savings Contraction – Do More with Less Extend & Blend/Reduce & Ride Landlord Due Diligence
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