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Robinhood Leases 24K SF Office in Bellevue

Stock trading app Robinhood Markets Inc. has leased a 24,200-square-foot office in Bellevue, according to the Puget Sound Business Journal.

The downsized deal at 500 Bellevue Way NE in the Lincoln Square South tower is about half of the space the company originally planned to occupy, per a Savills fourth-quarter report. Robinhood did not complete a previously planned move into a nearly 53,000-square-foot space in Kirkland. Video game maker Electronic Arts ended up taking the office space. The Savills report noted the office availability rate in the Seattle CBD during the fourth quarter was 28.5%, while in the Bellevue CBD, it was 23.2%.

In early 2021, the Silicon Valley-based firm announced it would expand into the Seattle area and leased the Kirkland mass-timber building before plans fell through. Robinhood went public in 2021, and the company offers a commission-free investing platform and a variety of financial products.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.