Posts by Owen Rice

More Developments, High Demand & Record High
Lease Rates

on July 19, 2018

At the end of the 2nd quarter, we are continuing to see trends continue much like we have over the past few years. Our region’s largest tenants; Microsoft, and Facebook, continue to expand and the co-working giant, WeWork, has become one of our region’s largest occupiers of office space. In fact, WeWork now occupies more office space in the Puget Sound than companies such as T-Mobile, Alaska Airlines and the Gates Foundation. While this seemingly insatiable demand for office space continues, many experts agree that we’ll start to see demand cool off in 2019 as employment growth starts to decrease.

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Owen Rice

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