Amazon Resumes Bellevue Tower Construction Amid Hybrid Work Shift
The tech giant aims to house over 4,500 employees in the new tower, reflecting broader adjustments to office space post-pandemic.
- Amazon is resuming construction on a 42-story office tower in Bellevue, aiming to accommodate over 4,500 employees amid a shift to hybrid work.
- Despite expanding in Bellevue, Amazon plans not to increase its footprint in Seattle, where office vacancy rates continue to rise.
- The Bellevue expansion is part of Amazon's broader strategy to adapt to the hybrid work model and manage its office space more efficiently.
- Amazon's decision to resume construction reflects a broader trend among tech companies adjusting their office space in response to the pandemic.
- Investors respond positively to Amazon's strategic moves, with the company's stock gaining over 78% in the last 12 months.