Seattle Office Demand Jumps 59% in Q3, Leading VTS’s Seven-Market Index as Non-Tech Tenants Step Up

Seattle posted the biggest quarter-over-quarter gain in office demand among the seven major U.S. markets tracked by VTS in the third quarter, driven by professional services, government and finance tenants rather than tech, even as downtown vacancy remains above 35 percent and the city's demand sits at about half of pre-pandemic levels.