Slalom Renews Anchor Lease at Pioneer Square Tower

Global technology consulting firm Slalom recently renewed its office lease in Seattle’s Pioneer Square. The anchor tenant at Slalom Hawk Tower has renewed and extended its lease at Slalom Hawk Tower through 2034.

Encompassing roughly 76,000 square feet of downtown Seattle office space, the deal represents one of the most significant commitments that the market has seen in recent years and a clear vote of confidence in the future of the Pioneer Square submarket — a location that continues to appeal to companies seeking to offer a workplace rooted in culture, connectivity, and a genuine sense of place.

Inked at a time when companies are carefully weighing decisions about where and how to invest in workplace environments, this renewal strengthens the momentum that Pioneer Square has sustained and supports the neighborhood’s role as a center of economic and cultural activity.

“Slalom Hawk Tower reflects the business we’ve become — a space where our teams work together; collaborate with customers and partners; and stay connected to our community,” said Tony Rojas, president of Slalom. “It aligns with our brand and culture, providing the flexibility and energy to fuel innovation and growth for years to come.”

“This renewal represents more than square footage,” said Greg Steinhauer, president of property owner Steinhauer Properties. “It reflects a shared belief in Seattle’s resilience and in the creative force that thrives here. Slalom’s belief in Hawk Tower, and their continued commitment, underscores the building’s role as a gathering place for innovation.”

Slalom first moved its headquarters office from Seattle’s Exchange Building to Hawk Tower at 255 S. King St. in 2024. The firm had more than 1,700 employees based in Seattle when it first signed on for office space at the office tower that would also adopt its name.

Completed in 2018, the mid-rise property incorporates 209,000 square feet of rentable, class A+ office space and rises 18 stories, including two floors of retail and three levels of parking. The steel frame and glass exterior property is located in an Opportunity Zone and has earned a LEED Silver certification. It also features 19,439-square-foot floor plates; an on-site conference center; and sweeping views of Puget Sound, the downtown skyline, and the Stadium District.

The Hawk Tower office property in Seattle, at 255 S. King St., is LEED Silver-certified.

Although the larger Seattle office market recorded the highest vacancy rate among top Western U.S. markets — nearly 27% in November, it maintained some of the most affordable asking rates in the region (an average of $34 per square foot last month). According to data analyzed in our national office report, it also remained one of the few top markets in the country to command sale prices above $200 per square foot. Tenant flight to quality continues to keep top-tier office space well above the challenges facing properties that are less modernized and offer fewer amenities on site or in the vicinity.

“While New York City is leading the office comeback and the AI sector is driving recent demand in San Francisco and in the Bay Area, office recovery elsewhere has been nuanced and varies greatly city by city and even building by building,” explained Peter Kolaczynski, director at Yardi Research.