• Portland and Seattle's office vacancy rates - terrible!

    From a425couple@a425couple@hotmail.com to alt.economics,seattle.politics,or.politics,alt.law-enforcement on Thu Dec 4 08:54:56 2025
    From Newsgroup: alt.law-enforcement

    Portland and Seattle's office vacancy rates = terrible!

    AI Overview
    Portland's greater office vacancy rate was 26.6% in the third quarter of
    2025, a record high that has been increasing for twelve consecutive
    quarters. The downtown Portland office vacancy rate was even higher at
    34.6% during the same period.
    Greater Portland: 26.6% (third quarter of 2025)
    Downtown Portland: 34.6% (third quarter of 2025)

    AI Overview
    Seattle's office real estate market still sluggish ...
    The overall office vacancy rate in Seattle is above 33% for the downtown
    area and around 27.3% for the broader Seattle region, reaching a
    historic high in recent reports. Factors contributing to this include a decline in traditional technology jobs, a high volume of renewals, and a "flight to quality" by companies moving to new, high-amenity buildings
    while leaving older spaces empty.
    Overall market
    Downtown Seattle: Reached 35.1% in the third quarter of 2025, up from
    31.5% a year prior, according to Cushman & Wakefield.
    Seattle region: Reports show a vacancy rate of 27.2% as of September
    2025, which is the highest nationally.
    Other King County submarkets: East King County has a 21.2% vacancy rate,
    and South King County has a 21.0% rate, Kidder Mathews reports.

    Sure thing, ignore the vagrant drug users, ignore panhandling,
    ignore theft and crime,
    but be sure to raise taxes to spend more on "the poor"!

    some sources

    Metro Portland Office Vacancy Rate Hit Record 26.6% in ...

    Willamette Week
    https://www.wweek.com rC| news rC| 2025/10/02 rC| metro-...
    Oct 2, 2025 rCo The office vacancy rate in greater Portland rose to a record-high 26.6% in the third quarter from 25.9% in the quarter just
    before, ...
    Portland's office vacancy climbs to 35% in Q1

    Axios
    https://www.axios.com rC| Axios rC| News
    May 22, 2025 rCo Portland had the highest office vacancy rate in the
    country rCo 35% rCo in the first quarter of 2025, according to the Wall
    Street Journal ...
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