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Harmonic Drive has outgrown the two buildings it currently occupies in Peabody and the move to Dunham Ridge will allow it to consolidate its functions into one building and expand its footprint to accommodate growth.
Retaining talent is the number one market driver for companies to take new construction space, causing rates and demand to rise in the Seattle and Bellevue metro office markets.
The marketing of a 45.37-acre site with direct access to Interstate 580, adjacent to a planned light rail station and just minutes from Livermore's Municipal Airport is a rare occurrence.
The increase in vacancy and availability was due to a combination of tenants seizing on attractive sublease offerings, thereby increasing direct vacancy upon move, and through an additional wave of sublease listings.