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Google has halted its plan to assemble a fourth constructing for its Kirkland campus, in accordance with a analysis report launched Tuesday.
The Broderick Group, which displays industrial actual property in Seattle and Bellevue, famous the pause in its quarterly report of the Eastside workplace market. Google spokesperson Ryan Lamont didn’t affirm or deny the information however mentioned Thursday, “We’re working to make sure our actual property investments meet the present and future wants of our hybrid workforce.”
“Our campuses are on the coronary heart of our Google neighborhood, and we stay dedicated to our long-term presence in Kirkland,” he mentioned.
Google had deliberate a 760,000-square-foot campus with 4 buildings in Kirkland. It opened the north constructing in April 2021 and the second section of the undertaking in 2022 with a splashy eight-story constructing in Kirkland City that featured a canine lounge, movie show and kitchenettes on nearly each ground. On the time, it deliberate to open one other constructing in 2023 and the final in 2025.
Now, Google has accomplished development on the south constructing however has opted to not “construct out the house” and to pause its plans for a fourth constructing within the complicated, in accordance with the report from the Broderick Group.
Google additionally eliminated Tableau, a software program firm owned by Salesforce, from 120,000 sq. toes of house on its campus that Tableau had hoped to sublease. Google has additionally not constructed out that house, the Broderick Group mentioned.
Lamont didn’t disclose what number of workers Google at present has in Kirkland and what number of had been slated for the fourth constructing that’s now on pause. Google shed 12,000 jobs, or 6% of its workforce, in January 2023. The corporate additionally laid off a whole bunch of staff initially of the yr, although it’s not clear how these job cuts affected Google’s workforce in Seattle and Kirkland.
The Eastside workplace market total has an 18.2% emptiness charge, in comparison with a charge of 5.7% in 2019, the report mentioned. Tenant demand this yr has exceeded the norm within the first quarter, the report mentioned.
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