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Dropbox Signs 120,886 SF Lease at Spec Office Tower Under Construction in Seattle

This rendering shows 2+U, the 38-story office tower.

SEATTLE — Dropbox Inc. has leased four floors totaling 120,886 square feet at a speculative office tower currently under construction in Seattle’s central business district. Skanska is developing the 38-story building, known as 2+U.

Dropbox, a San Francisco-based file storage and sharing company, is expected to occupy the space at 2+U in late 2020. With this new signing, 2+U is now 60 percent leased. Other tenants joining Dropbox include Indeed.com and coworking firm Spaces.

The 686,000-square-foot tower is scheduled for completion this summer. Located at the corner of Second Avenue and University Street, the development is adjacent to the Seattle Art Museum and Benaroya Hall.

The property is lifted 85 feet off the ground in order to create an outdoor “urban village” underneath the building. The village area will include nearly a half-acre of open space with 17,000 square feet of retail and arts space.

Floor plates at 2+U will range from 18,000 to 30,000 square feet. In addition to a rooftop deck, tenants will enjoy unobstructed views of the Puget Sound and Olympic Mountains.

Dropbox currently occupies space at the Columbia Center in the city. “We’re thrilled to expand in Seattle,” says Greg Conklin, engineering director and Seattle site lead at Dropbox. “We’ve been in the area for the last five years and have seen tremendous success hiring top talent.”

Skanska is a Sweden-based construction and development company. In Seattle, the firm has developed Stone34, the global headquarters for Brooks Sports, as well as 400 Fairview, which includes headquarters offices for Tommy Bahama and Impinj.

— Kristin Hiller

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