Seattle Market Snapshot Q3 2022

As of Q3 2022, we started to see the light at the end of the tunnel in Seattle pandemic-era restrictions as the Governor’s office announced the upcoming recission of all remaining CV- 19 emergency proclamations and the state of emergency effective October 31, 2022. Well-located office buildings offering a host of amenities and collaborative workplace designs have led the pack in leasing activity while still preserving pre-pandemic level leasing rates. That said, dated office buildings with minimal amenity offerings and hard-to-get-to locations have been drastically impacted by the new leasing environment.