Amazon Set to Grow in Downtown Bellevue

Amazon's planned expansion in Downtown Bellevue is set to bring several thousand new employees to the area within the next four years, significantly impacting the local economy. The tech giant will occupy a mix of existing office spaces, including those soon to be vacated by Expedia, and a new construction project called Summit 3. This shift positions Amazon and Microsoft as the largest office tenants, collectively accounting for approximately 25% of Downtown's total office inventory. The job growth forecast for Downtown Bellevue anticipates reaching 71,000 jobs by 2030, with the potential to exceed this target if current trends continue. The heightened demand for office spaces and ongoing economic activity are driving a surge in proposed development projects within the city.

The Bellevue Downtown Association is actively working with local partners to ensure that infrastructure projects keep pace with this rapid growth. As the job market tightens, the city is likely to watch closely as new developments emerge. Overall, this expansion reflects a significant investment in the future of Downtown Bellevue, enhancing its reputation as a thriving business center.