Category Archives: Seattle Office Space

Innovating in Seattle Office Space

New, innovative businesses looking for Seattle office space sometimes are unable to get off the ground for the most old-fashioned of reasons. Leaders with innovative ideas are usually focused only on the ideas, rather than recognizing the importance of the nuts and bolts of setting up an office, paying the bills, and otherwise creating a container in which that innovative idea can grow and catch on. This is a large part of the reason why the McKinstry Innovation Center exists; its mix of established and newborn companies allows for cross-fertilization and the sharing of knowledge, and experience. Here are some additional reasons why the McKinstry Innovation Center is a great Seattle office space for the development of Clean Tech, Education, High Tech and Life Sciences innovation:

  • They have flexible Seattle office space, shared conference rooms of different sizes, and a fully equipped copying and production center (Also in Portland and Spokane)
  • They also have shop space for developing prototypes
  • They also have mock-up demonstration platforms which allow for testing those prototypes
  • You can develop your body as well as your product, with a wellness center that has both cardio and weights, lockers and showers
  • In addition to the usual kitchenette and coffee bar, they have a wine bar for those more casual conversations where much of the real sharing happens
  • They also have built into their campus other ways to relax, including a rooftop driving range to help you keep your edge for those important golf outings with potential investors. There is also a fireside grill and dining area
  • Official mentoring and consulting services are available for when the informal transfer of knowledge is not enough
  • As your company grows, it’s easy to expand your presence within the Innovation Center. You don’t have to go hunting for new office space as you become more successful

So if your grand idea concerns Clean Tech, Education, High Tech and Life Sciences innovation, the McKinstry Innovation Center would be a great resource. If you’ve got a great idea in another field, contact us today to learn what great office spaces we can find where you can grow and thrive!

You may also like our Green Office Space tips for office tenants

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By: James Osgood
OfficeFinder

Great Seattle Office Space; Implementing Innovative Ideas

According to some experts, Seattle is an excellent place to experiment with innovative office space configurations and new priorities. With its relatively high cash flow and youthful work force, there is both the money to experiment with and employees who are more open to innovation. The culture in Seattle is also more informal and egalitarian than in other areas of the country, making Seattle office space an excellent place to reinvent your workplace.

Here are some offices in Seattle, designed by NBBJ,  that are experimenting with open office settings, and what they are doing to help humanize these spaces.

NBBJ Office Space in Seattle

NBBJ Office Space in Seattle

NBBJ is an innovative architectural firm with its largest office in Seattle. Naturally, their own offices are an excellent place to experiment with their ideas. There are no private offices or cubicles at NBBJ, and they tell visitors that employees adapt to the low-level noise and small group gatherings that surround them. Body language is key to expressing when employees should not be interrupted, and noise-cancelling headphones are an excellent way to filter out the noise.

Russell Investments Seattle Office Space

Russell Investments Seattle Office Space

Russell Investments put many of NBBJ’s ideas to work, moving from twelve floors in a traditional high-rise office building to only five floors in their new location. Here also, there are no offices, and the only distinguishing feature of the CEO’s desk is a glowing blue acrylic sign. Natural light is a key component to the success of the space, as is the ability of informal leaders to shine in an atmosphere which no longer uses offices as status symbols or barriers. While the move has naturally saved the company significantly on office costs, the success of the move is in the fact that ninety percent of the post-move feedback has been positive.

Gates Foundation Seattle office space

Gates Foundation by NBBJ

The Gates Foundation is another NBBJ-designed building that incorporates a number of important features into its design. The entire building is dressed in glass, which faces not only outwards, but also inwards toward a large private and pleasant courtyard that becomes an ideal outdoor working space when Seattle’s weather cooperates. Indoors, sixty percent of the office space is open, with some of the other forty percent being designated as “retreat” space for intensive, quiet work. Stairwells converge on hubs with coffee stations, informal furniture groupings for random meetings, and those inevitable copy machines. This stunning building also garnered a ninety-percent post-move-in approval rating.

So if you’re looking to create office space innovation in Seattle, NBBJ is a great place to start. However, if you’re looking for existing office space in Seattle to lease or purchase, contact us today to discuss what innovative offices might be available.

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By: James Osgood
OfficeFinder

Seattle Office Space Market Conditions

According to OfficeSpace.com’s recent market report , office space in Seattle and the vicinity is still somewhat weak with an overall office vacancy rate of 15.6%. Even the Eastside, with all of it’s tech firms, has a vacancy rate of 16% when the sublease space is taken into account. As we are slowly coming out of the recession one factor that has been pretty much ignored is the amount of shadow office space available in every market. Shadow space is space that companies are leasing, but not using. Until that space gets filled up, we won’t see any significant improvement in the market. That means employment numbers need to improve.  Based upon our discussions with local OfficeFinder Tenant reps, the true vacancy rate, including shadow space would be 1% – 2% higher than the stated rate, including sublease space, in any given market. That means that the Seattle office space market would have in excess of 1.5 million square feet of shadow office space; not an insignificant amount of space.

Seattle Area Office Vacancy and Rental Rates

Market

Num of
Bldgs

Total RSF

Direct
Vacant

Vacancy
Rate

Sublease
Available

Vacancy
w/Sublet

Average Rent
Rate ($/sf/yr)

Downtown

558

50,000,181

5,980,714

12.0%

843,871

13.6%

$29.91

Eastside

835

35,551,381

4,925,186

13.9%

767,527

16.0%

$28.86

Northend

420

12,537,328

1,775,623

14.2%

109,140

15.0%

$23.00

Southend

435

15,817,096

3,061,569

19.4%

342,794

21.5%

$21.02

Tacoma

223

7,658,733

1,151,383

15.0%

55,507

15.8%

$21.24

Total:

2,471

121,564,719

16,894,475

13.9%

2,118,839

15.6%

$27.10