Office space in Bellevue, Washington

Cushman & Wakefield's Q3 2026 MarketBeat names the 740,000-sf Kanon Towers as the project most likely to break ground next, with delivery slated for 2028.^† It also lists the 800,000-sf ONNI Bellevue for a Q4 2030 delivery. ^†

The City of Bellevue keeps its own list. A Development Services presentation shows 606 106th Ave NE under Major Projects, with 1 office and 2 residential towers.^† A City Council memo on Development Services work mentions large commercial tenant improvement projects to build out office. ^† A delivery year in a brokerage report is a forecast, not a lease date. If a planned tower matters to your timing, watch the City's permit record for it rather than the report. The development tracker follows these projects.

Kidder Mathews' 3Q 2026 report records the sale of 85 106th Ave NE, West Main, in the Bellevue CBD for $340M, or $317 PSF. ^† One trade is one data point. Before you lean on a price per square foot for your own building, ask what the price included and how the area was measured.

The City of Bellevue Land Use Code calls BelRed a mixed use employment and residential area with a transit-oriented, nodal development pattern, replacing its low intensity light industrial and commercial past over time.^† BelRed has its own code part, Part 20.25D.^† Its district list includes BelRed Office/Residential, designated BR-OR. ^†

The City of Bellevue says the Spring District is bringing new residential and office space.^† The King County Department of Assessments describes it as 36 acres (16 blocks) of the old Spring Industrial District.^† The City also says BelRed is already known for Overlake Medical Center and Kaiser Permanente Medical Center. ^† Office in a mixed-use district shares its blocks with housing and medical users. Ask how the building's parking, loading and hours work alongside its neighbours before you commit.

The Land Use Code's district list also includes "Professional Office" (PO),^† "Office" (O),^† "Office and Limited Business" (OLB)^† and "Office and Limited Business 2" (OLB 2).^† The two OLB districts share a code part, Part 20.25C.^† Eastgate has its own, Part 20.25P, the Eastgate Transit Oriented Development Land Use District. ^†

Uses are set out in Chart 20.10.440, and its key has two marks: P for permitted use and C for conditional use.^†† The chart's columns run across Professional Office, Office, "Office/Limited Business", General Commercial, Neighborhood Business and Community Business. ^† Find your use's row and read across to the district column. For OLB 2 or Eastgate, ask the City which chart governs your use. A conditional use adds a review step, so learn which mark applies before you sign a lease that depends on it.

Bellevue taxes office space by the square foot: in the City of Bellevue's example, $329.74 each quarter for every 1,000 square feet of taxable office space.^† The rate is adjusted each January to the change in the Consumer Price Index.^† Offices with 250 taxable square feet or less are exempt. ^† When you compare two suites, add this tax to the occupancy cost of each. Ask the City's tax staff how taxable office area is counted for your space.

The Land Use Code lists a Medical Institution District, designated MI, separate from the office districts.^† Overlake Medical Center describes itself as a 349-bed, nonprofit regional medical center. ^† Medical tenants should check the district and the use chart early; clinical uses can raise questions that general office does not.