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Indeed will lease approximately 200,000 square feet on 10 contiguous floors in the 38-story 686,000-square-foot class-A office tower located in the central business district with a slated completion of July 2019.
When examining vacancies and rents in the nearby markets of Kirkland, Bellevue and Redmond, it is only logical that Bothell will continue with healthy absorption, decreasing vacancies and rent growth.
The average size of apartments regardless of year built is 882 square feet, with the largest apartments in the Southeast at 975 square feet and the smallest in Seattle, with an average size of 711 square feet.
Buchanan Street Partners quick closing was critical for the borrower to maintain the timely completion of the project and meet tenant commencement dates in the fourth quarter and first quarter 2019.
Seattle's Eastside has experienced a healthy increase in sales volume that can largely be attributed to the market's leasing performance and attractive returns compared to downtown Seattle investment opportunities.
The CAC includes a host of political, civic and business leaders in Queens and elsewhere in the city, many who have expressed support for the project that is expected to involve $4 billion in investment by Amazon and the creation of 25,000 to 40,000 new jobs.
Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
Sawlog prices fell on all continents except for North America, where prices in the second quarter 2018 were 3% higher than the previous quarter and up 13.5% from the second quarter 2017.
In this <b>EXCLUSIVE</b>, Brad Reisinger, LMC's division president of the Pacific Northwest, discusses techniques for partnering with neighborhoods rather than creating a divide from the start.