Downtown Bellevue’s office market is thriving in early 2026, primarily fueled by tech companies and new businesses. According to Broderick Group’s Q1 2026 Eastside Office Market Report, major lease transactions are driving demand. Notably, Snap Inc. expanded its space at Midstation Bellevue by 42,461 square feet, now totaling over 158,000 square feet, marking its second expansion since late 2024. Similarly, Zoom expanded its footprint in the Symetra building to around 30,007 square feet, while xAI leased an entire floor at Lincoln Square South. Companies like ZS Associates and OpenAI are also active, further reducing the vacancy rate. The report indicates that demand is matching or exceeding rates observed in four of the last five years, signaling a positive occupancy trend. With growing companies and new entrants reinforcing Bellevue’s resilience, the market is poised for sustained interest and growth throughout 2026.
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