Office

The Eight

the eight, bellevue, WA 98004

Price

Price on request

Price/Sq Ft

$55.00

Description

Office building times infinity Located in Downtown Bellevue, The Eight will offer 541,000 SF of state-of-the-art office complemented by a suite of amenities tailored for hospitality, wellness, and creative inspiration. It will feature a highly activated and dynamic ground plane with on-site retail and dining, a landscaped plaza, and convertible indoor/outdoor living room. On the upper floors, 23,000 SF average side-core floorplates and natural light provide tenants with an ideal environment for collaboration, and a 2nd floor spa-inspired fitness center connects to a planted outdoor deck. The Eight boasts a central CBD location with walkable access to shopping, dining, museums and more. The Eight is pursuing LEED Platinum and Fitwell certifications.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the eight, bellevue, WA 98004

Leaflet © OpenStreetMap contributors

Market Context

As of Q2 2025, the Seattle / Bellevue office market showed average asking rents near $51.97/SF/yr, and cap rates around 7.5%. Source: curated:CBRE U S Cap Rate Sur Q2 2025 market report.

Projected current pricing

low confidence

Projected asking rent

$51.97/SF/yr

Estimated sale value

$319–$414/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2025 Newmark data (cap rate 7.5%, asking rent held flat).

View the full Seattle / Bellevue Office market report →

Compare it against other office listings for sale in Bellevue, WA to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Seattle / Bellevue?: About 7.5% as of Q2 2025, per curated:CBRE U S Cap Rate Sur.

Unified Estimate

High Confidence

$50.00/SF-$55.00/SF

Mid: $54.34/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallbackFIPS 32003

Low Confidence

Avg Rent ($/SF/yr) (market data)

Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.