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‘The lift that we need’: Bellevue real estate brokers bullish about Amazon’s new in-office policy

  • Real estate brokers in Bellevue, Washington, are optimistic about Amazon's new in-office policy requiring employees to work in the office five days a week.
  • The policy is seen as a catalyst for other companies wanting to return to the office, boosting the outlook for real estate developers and brokers in the aftermath of the pandemic.
  • Office vacancies in downtown Bellevue have risen from 3.2% in 2019 to 16.6%, but Amazon's expansion in the area is expected to bring back employees and revive the market.
  • While Microsoft is downsizing its office space in downtown Bellevue, other tech companies like OpenAI, Snowflake, ByteDance, and Pokémon are filling the void.

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