Formation
Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
Formation Report Points Seattle to Austin’s Upzoning as the Fix for Its Housing-Cost Premium
Formation's assessment of Seattle's economy holds up Austin, which added 120,000 homes and watched rents fall after cutting lot sizes and upzoning, as...
Formation Report Hands Seattle a Real Estate Playbook: Public Land, Bonding and Hard-Tech Hubs
Formation's assessment of Seattle's economy lays out a development agenda built on public land and municipal bonding capacity, pointing to New York's BATWorks...
Formation Report Finds Seattle Shedding Restaurants Per Capita, Squeezing Ground-Floor Retail
Formation's assessment of Seattle's economy finds the city has lost restaurants per capita both before and after the pandemic, a sign that thin-margin...
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,...
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...
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...
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...
