Monthly Report | Eastside Sublease Trends November 2020

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The Eastside’s recent growth in sublease space available didn’t slow in the last month, adding another 130K SF, or from 1.06M to 1.19M SF. The CBD has seen it’s percent of inventory available for sublease jump 1.2% in the last two months from 409K SF to 536K SF available, this month fueled by an additional 67K SF becoming available between three different floors at One Twelfth @ Twelfth. Kirkland (52K SF, 2.2% of Inventory), Suburban Bellevue (40K SF, 3% of inventory), and the I-90 Corridor (20K SF, 1.7% of inventory) all saw substantial jumps in sublease space as well, adding an aggregate 112K SF to the Eastside. With a 35K SF sublease signed at Willows Ridge Tech Center and Microsoft putting 12K SF up for sublease at their Millennium A building, Redmond netted 23K SF of positive sublease absorption month over month. The 520 Corridor also saw positive absorption (10K SF) for the first time in two months.

Seattle Sublease Trends Image

Monthly Report | Eastside Sublease Trends November 2020

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