Kirkland, Washington Commercial Real Estate 0 Listings

Kirkland, Washington: A Premier Destination for Commercial Real Estate

Introduction

Kirkland, Washington, is a thriving hub for commercial real estate (CRE), offering a dynamic mix of industry, innovation, and strategic location advantages. With a population of approximately 93,000, Kirkland is part of the Seattle metropolitan area, benefiting from a robust economy with strong industry clusters in technology, biotech, and healthcare. Its unique positioning, combined with a vibrant business ecosystem, makes Kirkland an attractive destination for CRE investments.

Economic and Industry Overview

Kirkland boasts a diverse economic landscape with significant contributions from technology, healthcare, and biotech sectors. Major companies such as Google and Inrix have established a strong presence in the city, driving demand for office spaces and innovation hubs. The city's economic development initiatives focus on fostering growth in these industries, making it a prime location for commercial real estate.

Technology and Innovation: As part of the greater Seattle tech corridor, Kirkland hosts numerous tech companies, creating a steady demand for office and flex spaces.
Biotech and Healthcare: The presence of healthcare giants and biotech startups supports the need for specialized facilities and medical office spaces.

The Kirkland Economic Development Plan outlines strategic initiatives to enhance industry growth and CRE opportunities.

Strategic Location and Transportation Infrastructure

Kirkland's strategic location offers excellent connectivity and logistical advantages:

Highways: Proximity to I-405 and State Route 520 facilitates easy access to Seattle and Bellevue.
Airports: Close proximity to Seattle-Tacoma International Airport and King County International Airport ensures efficient air travel for business purposes.
Public Transit: Robust public transportation options, including bus and rail services, enhance labor pool accessibility.

For more information, visit the Washington State Department of Transportation and Seattle-Tacoma International Airport.

Commercial Real Estate Inventory & Zoning

Kirkland's CRE market is characterized by diverse submarkets and asset classes:

Submarkets: The Central Business District (CBD) and Totem Lake area are key CRE submarkets, with a mix of office, retail, and mixed-use developments.
Asset Classes: The city offers a range of industrial, retail, and office spaces, catering to various business demands. Flex spaces and medical offices are also prominently featured.

Recent zoning changes and incentives aim to encourage sustainable development. Explore the City of Kirkland Zoning Map for more details.

Major Employers and Institutions

Key employers and institutions in Kirkland include:

Google: A significant tech employer with a major campus in Kirkland.
EvergreenHealth: A leading healthcare provider driving demand for medical facilities.
Inrix: A global leader in transportation analytics headquartered in Kirkland.

For further information, visit Kirkland's Business Directory.

Notable Commercial Developments & Projects

Kirkland is witnessing several large-scale developments:

Kirkland Urban: A mixed-use development featuring retail, office, and residential spaces.
Totem Lake Mall Redevelopment: Transforming into a vibrant commercial and lifestyle hub.

Public-private partnerships and Opportunity Zones further enhance the city's development landscape. Check the Kirkland Planning Department for project specifics.

Building Permits, Planning, and Development Tools

Kirkland provides comprehensive resources for building and planning:

Market Data & Economic Reports

Access public data sets for informed decision-making:

Brevitas leverages AI-powered aggregation from public data and internal insights to provide comprehensive market intelligence. Explore Brevitas-powered dashboards for Kirkland here.