These figures, provided by the local offices of ColliersInternational, paint a picture of sharp turns -- but when subleasesare factored into the equations, the lines on analysts' graphsbecome even more dramatic.
The Eastside's office inventory totals just a bit more than 25.9million sf, with 1.55 million sf of that running as directvacancies. But, add to that 1.73 million sf of sublets, and thenumber spikes to 12.66%.
Bellevue's Central Business District and the Interstate 90Corridor contain the two, largest chunks of the Eastside's subleasespace. With 563,079 sf and 535,636 sf respectively, the twocollectively account for 64.6% of the total. Of that, 97% is classA space.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.