2q2011 skyline review - bellevue cbd real estate office market
TRANSCRIPT
In an effort to provide our clients with a better understanding of the Bellevue CBD high-rise market, Colliers International is pleased to present the 2nd quarter Bellevue Skyline Review: a floor-by-floor analysis of nine selected Bellevue CBD high-rise building availabilities. More market information may be found on our website at: www.colliers.com/bellevue
BELLEVUE SKYLINE REVIEWA Quarterly Analysis
4
7
6
2
1
3
5
9
8
NE 8th St.
NE 10th St.
NE 6th St.
NE 4th St.
Main St.
NE 2nd St.
Belle
vue
Way
NE
106th
Ave
. NE
108th
Ave
. NE
110th
Ave
. NE
Bellevue Square
Bellevue Downtown Park
405
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2011. All rights reserved.
MARKET STATISTICS 2nd Quarter 2011
BELLEVUE CBD ALL EASTSIDEInventory (SF) 8,872,339 37,480,086Total Vacancy Rate 12.96% 11.19%Direct SF Vacant 1,056,611 3,871,066Sublease SF Vacant 92,861 322,184Class A Asking Rates $ 24.00 - 38.00 $ 21.00 - 38.00Average Class A Asking Rate $ 33.41 $ 32.55
MONTHLY QUOTED PARKING RATES 2011 RESERVED UNRESERVED
CBD Average $ 317.00 $ 183.00High $ 390.00 $ 221.00Low $ 150.00 $ 110.00
BELLEVUE SKYLINE REVIEWA Quarterly Analysis
1. Skyline Tower 2. Bellevue Place Bank of America 3. Plaza Center
4. Civica Office Commons - South Tower 5. Civica Office Commons - North Tower 6. One Bellevue Center
7. City Center Bellevue 8. Key Center 9. Symetra Financial Center
LEGEND
= Available Space
= Occupied Space
BELLEVUE SKYLINE REVIEWA Quarterly Analysis
5
10
15
25
30
20
Space Available
Skyline Tower Bellevue Place Bank of America Plaza Center
Civica Office Commons
South Tower
Civica Office Commons
North Tower One Bellevue
Center City Center Bellevue Key Center Symetra Financial Center
10900 NE 4th St. 10500 NE 8th St. 10900 NE 8th St. 205 108th Ave. NE 225 108th Ave. NE 411 108th Ave. NE 500 108th Ave. NE 601 108th Ave. NE 777 108th Ave. NE
~ 68,568 SF Available408,460 SF RBA
~ 54,299 SF Available400,000 SF RBA
~ 67,972 SF Available345,585 SF RBA
~ 0 SF Available 131,762 SF RBA
~ 9,866 SF Available 170,364 SF RBA
~ 149,416 SF Available 360,729 SF RBA
~ 148,554 SF Available 486,214 SF RBA
~ 51,140 SF Available 477,899 SF RBA
~ 40,783 SF Available445,089 SF RBA