Bellevue Technology Center

15805 NE 24th Street  |  Bellevue, King County, Washington

The office campus, which features nine Class A/B buildings, had previously undergone capital improvements with an upgraded fitness centre, a conference room, a full-service café and new parking stalls. Being situated close to Microsoft Corporation’s headquarters benefits the property as Microsoft’s continued growth could result in an increase in vendors and contractors who work with the software company, driving demand for space at properties nearby.

Key Statistics

US$144M Valuation as of 31 December 2019(1)
330,508 SF Net Lettable Area
100.0% Committed Occupancy as of 30 June 2020
5.3% Previous 12 Month Rental Growth(2)
(2.5%) Projected Rental Growth(2)
Freehold Land Tenure

(1) The valuation of Bellevue Technology Center takes into account the value of the excess parcels which may be developed as the property has unutilised plot ratio.

(2) Refers to average submarket office rent.

Source: CoStar Office Report, July 2020.