AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Speculative office projects, an almost extinct breed on the Eastside in recent years, are flourishing once again.
New developments are popping up all over, including a 173,490-square-foot office project which broke ground two weeks ago at Highlands Campus in Bothell's Canyon Park area.
Local real estate brokers credit the resurgence of spec projects to a combination of three factors: an amazingly low vacancy rate, rising lease rates and an increase in available financing.
"Together, those ingredients are the perfect recipe for new construction," said Steve Balkman, a broker with Bellevue-based Puget Sound Properties.
Highlands Campus is a three-building project that is being developed entirely on a spec basis, said Todd Timberlake, vice president …