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Home Commercial Seattle’s Nitze-Stagen Abandons New Office Bets, Doubles Down on Multifamily as Downtown Vacancy Hits 35.1%
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Seattle’s Nitze-Stagen Abandons New Office Bets, Doubles Down on Multifamily as Downtown Vacancy Hits 35.1%

June 17, 20263 Mins read370
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Nitze-Stagen & Co., the contrarian Seattle developer that built its name buying office property no one else wanted, has stopped chasing new office deals entirely and shifted its capital toward multifamily housing as the downtown market craters. A landlord that made its fortune betting against conventional wisdom has concluded the office market is now too […]

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