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Microsoft Pivots, Decides to Hold on to Bellevue Office Space
Microsoft Corp. is straying from its original plans to abandon all of the company’s space in downtown Bellevue.
The technology conglomerate is opting to keep some space for its LinkedIn subsidiary, which will remain on floors 17 and 18 of the Lincoln Square North tower at 10401 NE Eighth Street, reported the Puget Sound Business Journal, citing industry sources.
While Microsoft and Amazon have exited much of their existing space as leases expire in the area, other tech companies are using the vacant space as opportunities to expand. Social media and e-commerce company TikTok, which is owned by parent company ByteDance, is expanding its footprint in Bellevue with six floors in the Lincoln Square North Tower, doubling its existing space.
And Skanska signed a long-term lease for its mixed-use development, The Eight, a 25-story, office tower in Bellevue with entertainment company Pokémon. Per the Journal, Microsoft’s move will take more than 88,000 square feet of office space off the market.
