Commercial
Mariners Line Up $19MM in T-Mobile Park Upgrades for 2027, Pending PFD Approval
The Seattle Mariners have handed the public agency that owns T-Mobile Park a 47-item wish list for the coming offseason, weighted toward security...
Formation Report Finds Seattle Added Just 16 Mid-Sized Tech Firms as Rivals Added Dozens
Formation's assessment of Seattle's economy shows the city added only 16 mid-sized technology firms between 2017 and 2023 while San Francisco added 104,...
Downtown Seattle Draws Nearly 3.8MM Visitors in August, Topping 2019 as Office Return Holds at 62%
Nearly 3.8 million unique visitors and 9.2 million total visits flowed into downtown Seattle in August, pushing tourism, hotel demand and residential occupancy...
Formation Report Finds Seattle Manufacturers Being ‘Priced Out,’ With Factory Jobs Down Nearly 12%
Formation's assessment of Seattle's economy places manufacturing and other traded industries in a 'priced out' category, finding factory firms and jobs have contracted...
The First Footprints in the Snow
AI’s hit to jobs looks like a rounding error—until you see who’s in the oven: gutted call centers and vanishing entry-level work. Narrow...
Onni Group Lands $41.7MM Financing to Advance Long-Delayed Block V Towers in Seattle
Eight years after paying $78.75 million for a pair of Denny Triangle parking lots, Onni Group has landed $41.7 million in financing and...
Seattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
Knights Commit $1.1B to Providence for Oregon’s First Women’s Hospital
Phil and Penny Knight commit $1.1 billion to Providence, funding Oregon's first women's hospital and heart care expansion.
Wilson Sonsini Plans $5.8MM Build-Out at U.S. Bank Center in Seattle
A city permit shows Wilson Sonsini's $5.8MM build-out on two floors of Seattle's nearly half-vacant U.S. Bank Center.
Formation Report Pinpoints Seattle-Bellevue Tax Gap as Prime Driver of Eastside Office Migration
Formation's assessment of Seattle's economy models a per-engineer tax gap of $10,000 to $30,000 a year between Seattle and neighboring Bellevue, offering a...
Higher-for-Longer Rates End the Cheap-Money Playbook for Puget Sound Real Estate, Economist Ken Rosen Says
The end of a 17-year stretch of near-zero real interest rates will push Puget Sound and Portland investors back to leasing, operations and...
Formation Report Warns Seattle’s Office Vacancy and Tax Base Are Locked in a Downward Spiral
A new independent assessment of Seattle's economy finds the city's record office vacancy and its reliance on a handful of tech employers for...
