Downtown Bellevue's low rents and glut of available office space keep attracting new companies and enticing others to expand. CH2M Hill is the...
Downtown Bellevue’s low rents and glut of available office space keep attracting new companies and enticing others to expand.
CH2M Hill is the latest Bellevue business to cash in. The engineering and consulting company is moving to 100,000 square feet of offices at 1100 112th Ave. N.E., Suite 400, and plans to open in the new location next week. The move gives CH2M Hill 12,000 more square feet.
Bellevue’s vacancy rate has been dropping, from a high of 29 percent three years ago to 9.8 percent in the fourth quarter last year. Space has been gobbled up downtown by drugstore.com and Symetra Financial, which decided to move its headquarters there.
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Meanwhile, landlords have been raising rents and are charging an average of $24.27 a square foot, according to figures from Cushman & Wakefield, a commercial real-estate brokerage.
Reward your business
The Bellevue Chamber of Commerce is looking for outstanding Eastside businesses to honor this year with its annual Eastside business awards.
Categories include: Eastside business of the year, small business, innovative business, economic leadership, destination and corporate citizenry.
All entries must be received by March 23. Winners will be selected by an independent panel of business owners and executives, and will be honored at a May 25 luncheon.
To enter, call the chamber at 425-213-1205 or look online at www.bellevuechamber.org.
Music for farmers
The Carnation Farmers Market is looking for a volunteer to coordinate live music and events at the weekly market. Creating an event schedule would be the primary duty.
For more information, call Rhonda Brown at 425-788-3089, or go to www.ci.carnation.wa.us/farmersmarket.
Massage Envy, a Phoenix-based chain of massage clinics, is opening its fourth Eastside location next week in Woodinville. The company has opened clinics in Redmond, Newcastle and Bellevue in the past six months and plans four more this year.
The latest location opens March 10 at 14213 N.E. Woodinville-Duvall Road.
For more information, go online to www.massageenvy.com.
In the past few months, Banner Bank has opened six branches in King County, with the latest on Mercer Island. That branch opened last month at 2918 78th Ave. S.E.
Alaska USA Federal Credit Union’s newest branch opens in May in Kirkland, at 10020 N.E. 137th St.
Eastside Business Notes appears every Wednesday in the Eastside edition of the Seattle Times. Kristina Shevory: 206-464-2039 or email@example.com