Walmart takes over former Amazon space in Bellevue tower - Puget Sound Business Journal

In a significant shift within the Puget Sound office market, Walmart has taken over 98,000 square feet in Bellevue's Skyline Tower, previously leased by Amazon. The move comes after Amazon let a 56,000-square-foot lease lapse as part of its ongoing reevaluation of office space amidst an evolving work environment. With both Amazon and Microsoft scaling back their real estate ambitions, Walmart is seizing the opportunity to expand its footprint in the Seattle area. The new space, which spans several floors, provides enhanced amenities and access to public transportation, supporting Walmart's goal of fostering collaboration among its teams. Kilroy Realty Corp.

, the building's owner, confirmed the early termination of Amazon's lease to facilitate Walmart's needs, underscoring the competitive landscape between these two retail giants. Walmart's spokesperson emphasized the importance of in-person teamwork in their new office setup. This development not only highlights Walmart's ambition in the local market but also reflects broader trends in corporate real estate strategies among leading companies. As the competition intensifies, the dynamics of the Puget Sound office market continue to evolve, with significant implications for employment and the local economy.