Seattle’s Office-to-Housing Pipeline Totals Just 401 Units as Downtown Vacancy Sits at 35.4%

Seattle's four city-tracked office-to-housing conversions add up to about 401 apartments, a sliver of a downtown market that still has more than 19 million square feet of empty office space, even as distressed towers sell for less than $100 per square foot and the city and state stack incentives meant to tip the math.