Goldman Sachs has opened its first Pacific Northwest engineering office in Bellevue, with room for more than 125 employees working on artificial intelligence and cloud systems.

The New York-based investment bank announced the office on Sept. 8 and held a ribbon-cutting ceremony later in the month, according to the Downtown Bellevue Network. The hub is Goldman's only dedicated engineering space in the region, separate from its downtown Seattle office at Rainier Square, which has housed banking and wealth management teams since 2001.

Goldman chose Bellevue over Seattle. Chairman and CEO David Solomon said in a company statement that the Pacific Northwest is home to top engineering schools and a deep talent pool, and that hiring exceptional talent is central to how the firm adapts and grows. The firm has not disclosed which downtown Bellevue building it occupies or the square footage of the space.

The office lands Goldman in a fast-growing Eastside AI corridor. OpenAI opened its largest office outside San Francisco in downtown Bellevue in March, with room for up to 1,400 employees. Elon Musk's xAI moved into a nearly 25,000-square-foot space at Lincoln Square South. CoreWeave doubled its footprint to 36,000 square feet at One Bellevue Center. U.K. data-center firm Nscale has also set up in the city, GeekWire reported.

Goldman is not the only Wall Street firm building tech teams in the region. JPMorgan Chase runs a roughly 400-person tech center in Seattle, anchored by a new AI infrastructure team, according to GeekWire.

Engineers make up roughly a quarter of Goldman's workforce. The bank ended 2025 with about 47,400 employees globally, more than 12,000 of them engineers.

The Bellevue office expands a network of hubs that includes Dallas, Salt Lake City and Warsaw, Poland.

Earlier in September, Goldman hired Dinesh Keswani, a former Microsoft and GoDaddy engineering executive, to co-lead its core engineering group, as we reported Sept. 21. Keswani shares the role with Gopi Parameswaran.

For downtown Bellevue, the opening is a counterweight to a summer that brought layoff notices from several large employers with local offices.

The city's office vacancy rate stood at 25.4% at the end of 2025, according to a Broderick Group report cited by GeekWire in February. Broderick noted at the time that a growing number of new-to-market companies were choosing the Eastside over Seattle, drawn by modern office space and a skilled tech workforce.

Goldman's careers page lists open engineering roles in Bellevue alongside positions in New York and London.