Downtown Bellevue has grown rapidly in the 21st century. Between the years 2000 and 2008, both office RBA and population growth in downtown were up ~62%, and population figures are expected to almost triple by 2020. The 2001 photo (below) shows downtown Bellevue in its early stages as an urban center. When compared to the 2009 photo on the next page, the maturation of downtown Bellevue over the last eight years is evident.
City of Bellevue Incorporated
1953
Downtown Subarea Plan Developed
1979
Downtown in Acres
410
Downtown Office RBA Growth
2000 Q1
5,341,000
2009 Q1
8,667,000 (+62%)
Office Vacancy
14%
Under Construction (as of Apr. 2009)
827,800 SF
Downtown Retail RBA Growth
2000 Q1
3,301,000
2009 Q1
3,693,000 (+12%)
Retail Vacancy
3.2%
Under Construction (as of April 2009)
408,000 SF
Downtown Population
Number of Residents 2000
3,100
Number of Residents 2008
5,000
Number of Residents Projected 2020
14,000
Downtown Employment
Number of Employees 2000
21,000
Number of Employees 2008
35,000
Number of Employees Projected 2020
63,000
Daytime Population
53,000
White Collar Jobs
86%
Sources: CoStar, Sites USA, City of Bellevue, Madison Marquette Market Research