Thanks to everyone who responded to the call earlier this month from KUOW for help on their story about the soft market. Here’s the resulting piece: It’s a Tenants Market for Downtown Seattle Office Space There may be signs of recovery in the region’s housing market, but not so for the region’s office market. A…
Tag: commercial
Weekend Roundup: Fence-Sitters, Incentives, Office Vacancies
Here are some stories from the last few days that didn’t make the cut for their own posts. Aubrey Cohen, Seattle P-I: Home buyers getting off the fence “There’s still a lot of people who have jobs and a lot of people who’ve moved into the market area and have been sitting, waiting to have…
More Signs of Shrinkage at Microsoft?
A couple more notes on Microsoft before we get to our big year-in-review / 2009 forecast post tomorrow. First off, for those that didn’t catch it, this is worth mentioning: Microsoft forgoes South Lake Union lease Microsoft Corp. has put on hold any interest in further expanding its operations in Seattle because of the deteriorating…
JPMorgan to Drop WaMu Leases Downtown
Here’s another WaMu update on a subject that will likely have a large impact on downtown’s commercial real estate scene: Seattle Times: JPMorgan dumping WaMu’s leased space in Seattle Seattle P-I: JPMorgan dropping six WaMu leases in Seattle From the P-I story: New York banking giant JPMorgan Chase & Co., which in September bought the…
“Out here in Seattle, we were living in a bubble.”
These articles are a bit off-topic from the usual news about residential real estate, but I thought they were at least worth a brief mention. New York Times: In Seattle, Office Vacancy Rate Is Rising Fast Not long ago, Seattle looked invincible, even as an economic downturn was starting to plague the rest of the…