Seattle Commercial Real Estate News of the Day

Wednesday, May 11, 2011

Seattle Times Daily Journal of Commerce Headline
Job openings rise to highest level since Sept. ’08 WSU in market for Seattle office space
Slumping oil, commodity prices pop stock rally SEATTLE — Washington State University is weighing its office space options in Seattle because its lease at the 520 Pike Building expires in September of 2012.

WSU West, which among other things raises funds and recruits students here, is looking for up to 15,000 square feet of space in downtown or the South Lake Union area, according to a legal notice in the April 29 DJC.

The university could stay put or move, said WSU West Executive Director Marcia Garrett. The university is looking at South Lake Union because it works with groups such as the Institute for Systems Biology and PATH in that area.

WSU’s first step is hiring a brokerage. The university issued a request for qualifications. Responses are due May 20.

Currently, WSU West is in a little over 12,000 square feet at 520 Pike. The monthly base rent, including expenses, is just under $36,000.

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About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
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