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WeWork’s 2018 Seattle Expansion: New Leases and Planned Offices

WeWork’s August 2018 Seattle-area expansion combined open sites, signed leases, and planned offices. Here are the reported figures, independent lease records, and what followed.
From TheFinanceBase Team3 min to read
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In August 2018, WeWork said it had about 900,000 square feet across seven Seattle-area office buildings and expected to reach 1.5 million square feet across 14 buildings by early 2019. That was a company-reported baseline and forecast—not a current or independently audited footprint. The planned growth involved sites in both Seattle and Bellevue, with a mix of open locations, signed leases, and future openings.

What WeWork announced in 2018

GeekWire reported on August 23, 2018, that WeWork expected to expand its Seattle-area footprint substantially. The company preferred to track capacity by desks: it reported 4,320 desks at the start of 2018 and projected 13,301 by early 2019. The square-footage and desk totals are separate measures; neither should be read as a present-day count. GeekWire’s August 2018 report attributed the figures to WeWork.

The report described a pipeline spanning Seattle and Bellevue. Some locations were already open or recently opened, while others were signed or planned. It said three Seattle locations expected by year-end would add more than 2,000 desks combined.

Locations in the Seattle-area pipeline

Location City Status in the August 2018 report Reported area or desks Timing stated
Summit II Bellevue Projected new site Roughly 100,000 square feet and 2,200 desks Opening timing not stated in the August 2018 report
Bellevue Place Bellevue Recently opened 450 desks; area not stated Already open by publication
1411 4th Avenue Seattle Recently opened 1,980 desks; area not stated Already open by publication
Met Park East Seattle Planned opening Desk count and area not stated individually Expected by year-end 2018
Madison Centre Seattle Signed lease; opening planned 91,096 square feet in Newmark Knight Frank’s 2018 report; GeekWire did not state a desk count Expected by year-end 2018
Avalara headquarters building Seattle Planned opening Desk count and area not stated individually Expected by year-end 2018

The publication’s figures do not make every site directly comparable: desk capacity and leased area measure different things, and the account did not assign a square-footage figure to each named location.

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What independent lease reporting confirms

Newmark Knight Frank’s third-quarter 2018 Seattle office report recorded a 91,096-square-foot WeWork direct lease at Madison Centre. It also listed 20,234 square feet at 501 Eastlake. The market report is a useful transaction-level cross-check for lease area, but it does not validate GeekWire’s broader projected desk total or establish a current WeWork footprint. See Newmark Knight Frank’s third-quarter 2018 Seattle office report.

Why WeWork said Seattle was a fit

WeWork’s stated rationale, as reported by GeekWire, centered on technology companies, startups, and businesses arriving from outside the region that needed office space quickly. Flexible terms could suit companies unsure how large a local team would become or how long it would need space. The article reported that enterprise customers made up a quarter of WeWork’s member base at the time.

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Sonos illustrated the immediate-space use case: its senior vice president of communications said the company was “growing so darn fast,” and about 40 of its 120 Seattle employees were working from WeWork’s Holyoke location, according to the report. These are historical details from 2018, not a description of Sonos’s or WeWork’s current arrangements.

What happened after the announcement

In March 2019, GeekWire reported that WeWork’s Seattle-area footprint had reached 1.7 million square feet, up from 900,000 square feet the previous summer. It also reported that the company expected at least 19 locations by the end of 2019. Those are figures and expectations reported at that time, not a verified present-day total. GeekWire’s March 2019 follow-up provides the dated update.

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The 2018 story also forecast a combined WeWork/WeLive project at Third and Lenora for 2020. The building history records that the lease was terminated by mutual agreement in October 2019, before the forecast opening; the project therefore should not be treated as an opening that occurred as planned. The building history for Third and Lenora documents the termination.

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What the 2018 figures mean today

The original headline describes a historical expansion announcement, not a current Seattle leasing update. WeWork’s current Seattle office page describes private and full-floor offices, flexible terms, and pay-as-you-go day passes and hourly meeting rooms; it says pricing depends on location, size, and layout. It does not establish a complete current Seattle-area location or square-footage count. WeWork’s Seattle office page describes its current service categories.

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