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Class A Office Units
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1325 123rd Avenue Northeast, Bellevue, WA 98005

Office space within Bellevue’s Spring District mixed-use environment.

Space SizeContact for details
Days on Market3

Property Features for 1325 123rd Avenue Northeast

General Information

Standard status Active
Class A
Property subtype Office

Additional Details

Sublease Yes
Public Transit Yes
Listing Agency: CBRE
Listed By: Scott Davis
Source: Cbre
Added: Aug 10 Changed: Aug 11 Last Checked: Aug 11 at 9:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE

Investment Insights

Based on property information with market context.

Class A office units are offered through a sublease at The Spring District’s Block 13, a mixed-use setting in Bellevue. The property is positioned for teams seeking workspace within an environment centered on connection, innovation, and transit-oriented access.

The listing identifies a property size of 212,128 and an address at 1325 123rd Avenue Northeast, Bellevue, WA 98005.

Key Highlights

  • Class A office units available through sublease
  • Located in The Spring District’s Block 13
  • Mixed‑use environment in Bellevue, WA

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,643
Businesses Nearby

Demographics for 98005, WA

20,961
Population
9,420
Households
2.2
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
2,871
Density / Sq Mi
$158,396
Median Household Income
$87,000
Median Earnings
$2,380
Median Rent
$1,373,000
Median Home Value

Market

Lease Benchmarks for Bellevue, WA

$36.33 /SF/Yr
Avg Asking Price
$30–$49.5 /SF/Yr
Price Range
10,500 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space within Bellevue’s Spring District mixed-use environment.
Where is this office units located?
The property is located at 1325 123rd Avenue Northeast Bellevue, WA.
What are key features of this property?
This property features: Class A office units available through sublease; Located in The Spring District’s Block 13; Mixed‑use environment in Bellevue, WA
More about this property
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