City of Seattle
Seattle Scales Pioneer Square Pilot That Moved 70 of 80 Homeless People Indoors Citywide
Seattle Mayor Katie Wilson is taking a by-name outreach model that moved most of Pioneer Square's unsheltered residents indoors ahead of the World...
City of Seattle Renews 70,000 SQFT at Columbia Center as Downtown Office Absorption Turns Positive
The City of Seattle recommitted to 70,000 square feet at Columbia Center, the 76-story Fifth Avenue tower that has housed the City Attorney's...
Seattle Voters Back Doubled Transit Tax, Unlocking $138MM a Year for Bus Expansion
Seattle voters are on track to double the city's dedicated transit sales tax to 0.3 percent, approving a 10-year renewal that would raise...
Seattle Apartment Cap Rates Climb to 5.7%, Highest Since at Least 2018, as Prices Sit 29% Below 2019 Peak
Seattle's average apartment cap rate rose nearly a full percentage point in a year to 5.7 percent in the second quarter of 2026,...
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...
Seattle Awards $13.65MM to Five Developments for 77 Permanently Affordable For-Sale Homes
The City of Seattle is putting nearly twice as much money into affordable homeownership this year as it did in 2025. The awards...
Class A Office Captures Over 80% of Puget Sound Leasing, Its Highest Share Since 2021, as Rents Stay Flat
Tenants signing office leases across Puget Sound in the third quarter chose top-tier buildings more decisively than at any point in at least...
Seattle Cuts REET Forecast by $19.5MM in Sixth Straight Downgrade as Rising Rates Squeeze Property Sales
Seattle's revenue forecasters pared back the city's three-year real estate excise tax outlook for the sixth consecutive time, warning that stubborn inflation, a...
Seattle Proposes 10.7% Permit Fee Hike, Third Straight Year of Above-Inflation Increases
Mayor Katie Wilson's 2027-2028 budget would stack a 7 percent increase on Seattle building and land use permit fees atop a 3.7 percent...
Downtown Seattle Office Absorbs 300,000 SQFT, Its First Positive Quarter Since 2021
Downtown Seattle's office market absorbed 300,000 square feet in the third quarter of 2026, its first positive quarter in five years, as law...
Businesses Now Carry 68% of Seattle’s $2.8B Tax Bill as City Sheds 24,000 Jobs, DSA-Chamber Study Finds
A new ECOnorthwest analysis commissioned by the Downtown Seattle Association and the Seattle Metropolitan Chamber of Commerce finds the city’s tax collections have...
Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’
At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...
