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Class A Office Units
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1615 123rd Avenue Northeast, Bellevue, WA 98005

Flexible sublease space in Bellevue’s mixed-use Spring District.

Space SizeContact for details
Days on Market24

Property Features for 1615 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 11 Changed: Sep 1 Last Checked: Sep 2 at 1:55PM

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 available through a sublease structure within The Spring District in Bellevue. The offering provides 327,153 square feet in a mixed-use setting designed to connect workplace and lifestyle functions.

The property is located at 1615 123rd Avenue Northeast, Bellevue, WA 98005. The Spring District is positioned as an innovation-focused environment with transit-oriented access and an emphasis on workplace flexibility.

Key Highlights

  • 327,153 square feet of office space
  • Class A office configuration
  • Available through a sublease

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

49
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

$33.75 /SF/Yr
Avg Asking Price
$24–$49.5 /SF/Yr
Price Range
10,967 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 - Flexible sublease space in Bellevue’s mixed-use Spring District.
Where is this office units located?
The property is located at 1615 123rd Avenue Northeast Bellevue, WA.
What are key features of this property?
This property features: 327,153 square feet of office space; Class A office configuration; Available through a sublease
More about this property
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