Even as tenants begin moving into vacant spaces from lease pre-commitments signed in years prior, future absorption, leasing activity and expansions may be muted until a vaccine for COVID-19 is found.
Only 19% of property managers in the study reported that rents were being paid on time, while the rest reported that they had tenants who were unable to pay, according to a new report from the National Association of Realtors.
The Eight is located near major Bellevue employers in the downtown core including Microsoft's campus, Amazon, Salesforce, Paccar, Symetra and Concur, and a short walk from the new light rail station opening in 2023.