06/18/2026
Seattle’s office market is showing encouraging signs of momentum as tech leasing activity continues to increase. While overall office vacancies remain elevated compared to pre-pandemic levels, major technology companies are once again committing to office space, helping stabilize the market and support downtown recovery efforts.
Recent leasing activity from both established tech firms and growing AI companies reflects renewed confidence in the region’s talent pool and long-term economic outlook.
For the broader real estate market, a healthier office sector can have a ripple effect on local businesses, employment growth, and housing demand throughout Seattle and the Eastside.
It’s a positive signal that one of the region’s key economic drivers continues to invest in the future of our community!
While Bellevue has received an outsized share of office leases in recent years, office space tours are rising faster in Seattle than anywhere else in the region, with a year-over-year increase of 20%. Part of this growth is likely due to the tightening availability of quality office space in Bellevu...