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Seattle’s Office Market Downturn Deepens as Landlords Offer Concessions

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Seattle, Colliers, 1000 Washington, Seattle CBD, Northlake Commons, Lake Union, Belltown, Denny Regrade, Queen Anne, Magnolia
Photo by Tori Wise on Unsplash
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The Seattle office market continues to struggle, with softening demand driving down asking rents and pushing vacancy to new heights. Key themes for this quarter include a "flight to quality" among relocating tenants, the stark impact of tech layoffs, and a growing abundance of vacant office space. Companies who put office space decisions on hold […]

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