Seattle Back Page TIM Update 1.13.2020.Xlsx
REQUIREMENTS BY SIZE DEMAND OCCUPANCY PIPELINE SIZE # OF TENANTS TOTAL SF NKF 3M SF 250,000+ 5 2,100,000 2.5M SF 100,000 - 249,999 5 700,000 SEATTLE 2M SF 50,000 - 99,999 14 875,000 1.5M SF 25,000 - 49,999 21 675,000 TENANTS 1M SF 10,000 - 24,999 39 572,000 500K SF 5,000 - 9,999 24 158,000 IN THE 2020 2021 2022 2023 2024 TBD TOP SUBMARKETS BY DEMAND Seattle Tenants in the Market DEMAND BY INDUSTRY MARKET SUBMARKET SF TENANTS Architecture, Engineering & Seattle CBD 3,008,000 66 1% 12% Construction JANUARY 2020 21% Architecture, Engineering & Pioneer Square / WFT 1,096,000 7 ConstructionBusiness, Consulting, Financial, 7% Information, Insurance & Legal Lake Union 461,000 12 Business, Consulting, Financial, Information,Coworking Insurance & Legal 8% Belltown/Denny 79,000 5 Coworking Education, Government, Ballard/U-District 70,000 4 Education,Healthcare Government, & Life Sciences Healthcare & Life Sciences Tech Tech Others ACTIVE TOTAL 52% Others TENANTS 5,080,000 108 SF Seattle Tenants in the Market January 14, 2020 Tenant Min SF Max SF Current Location Target Submarket Industry Tenant Broker Brokerage Firm Timing (Year) Comment / Status 100,000+ SF Google 500,000 700,000 SLU Lake Union Tech Dan Foster Flinn 2022 Considering Seattle and Eastside. Long‐term planning underway. Zillow 350,000 400,000 Russell Investments Center Seattle CBD Real Estate Parker Ferguson Flinn Ferguson 2023 Gathering data. Convoy 200,000 400,000 Century Square Seattle CBD Tech Clay Nielsen JLL 2021 Rumored to be focused on Rainier Square for expansion.
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