Commercial Real Estate
Seattle Ranks High in Office Rent, Tech Job Growth
Only Charlotte, North Carolina, and New York fared better
Despite the pandemic forcing many to work from home, the tech industry is still a massive force in office leasing in the Seattle area and across the United States. Seattle ranks No. 3 in the commercial real estate firm CBRE’S annual Tech-30 report, which takes into account office rent growth, net absorption rate and tech…
Construction Restarts on 15-story 400 Westlake Office Building
The project is Martin Selig Real Estates first property in South Lake Union
Seattle-based Martin Selig Real Estate hosted a re-groundbreaking ceremony Wednesday afternoon to celebrate the restart of construction on the 400 Westlake project, which will be one of the world’s greenest buildings when finished. Construction resumed on 400 Westlake, a 15-story office building planned for South Lake Union, on Sept. 14. The project is Martin Selig…
Seattle Mayor Expands Coronavirus Safety Net for Small Businesses by Temporarily Banning Commercial-Property Evictions
The city previously moved to protect employees of beleaguered companies by putting a temporary hold on residential evictions
Seattle Mayor Jenny Durkan has issued an emergency order that puts a temporary halt on evictions of small businesses and nonprofits as part of the citys ongoing efforts to ease the dire financial crunch of the coronavirus (COVID-19) outbreak. The order covers all independently owned businesses with 50 employees or fewer per establishment, as well…
Greater Seattles Booming Office Submarkets Are Among the Spendiest in the Nation
Average office-property prices in Seattles Lake Union neighborhood make it the eighth most expensive submarket in the country, a new study finds
The Amazon World Headquarters Campus Spheres terrariums in Seattles South Lake Union neighborhood.
Co-Working Space Provider WeWork Unveils Newest Seattle-Area Location
The New York-based real estate company and provider of shared workspaces also announced plans to open three more area locations
WeWork, a global provider of collaborative workspaces, is unveiling its 18th location in the greater Seattle area as part of a record 52 building openings worldwide in December, with three more sites in the Puget Sound region slated to open in the near future. The newest location is a 76,527-square-foot space in Seattles historic Ballard…
Seattle Ranks as a National Leader in High-Rise Apartment Development
High-rise residential development in Seattle has soared over the past decade, new study shows
Seattle is growing up, literally, when it comes to its housing market, ranking fourth among the 30 largest cities in the country in an assessment of cities with most high-rise apartment complexes built over the past decade, a recent RentCafe study shows. High-rise apartment buildings represented 9% of all new multifamily development in the city…
Skanskas 2+U Building Now Known as Qualtrics Tower After Big Lease
The data company has signed on as the anchor tenant
Data company Qualtrics is leasing 275,000 square feet in the new 2+U skyscraper in downtown Seattle. The building will now be known as Qualtrics Tower. The company which says it is co-headquartered in Seattle and Provo, Utah will lease 13 floors at 2+U, a 38-story, 701,000-square-foot retail, office and arts-and-culture project at Second Avenue and…
Seattles Building Boom Confronts a Construction-Labor Drought
Contractors in Washington are coping with a costly worker shortage, recent industry survey shows
As a sign of Seattles economic dynamism, the city is tied with Los Angeles for the most cranes along its skyline. But the boom times also have a soft underbelly as 80% of surveyed contractors in Washington are having a harder time filling hourly labor jobs this year, compared with a year earlier, according to…
2019 Skyline Awards, Developer of the Year: Kevin Daniels
Congratulations to Kevin Daniels, president of Daniels Real Estate, for his Developer of the Year award
This article appears in the September 2019 issue. See more about the winners of the 2019 Skyline Awards here. Click here for a free subscription. By his own admission, Kevin Daniels doesnt do the conventional or easy stuff. Our development focus is on community building and its the complex projects that we are really interested…
