September News: Seattle Office Space

2/ October 2012

NewsBelow are comments and links to news articles and other topics relevant to the Seattle office space market from the month of September.

Lot’s of news about Amazon this month as usual.  They signed a lease with Vulcan to build another 380,000 SF project near their campus in South Lake Union.

Here is an interesting article from Geekwire following up on a WSJ article about the trend of tech companies moving back to the city after previously going to the suburbs.

More news on Seattle’s waterfront and the impact on real estate after the viaduct comes down.

A new mixed use development is coming to First Hill that will include a fair amount of office space.

If the city OK’s a rezone of South Lake Union buildings could get taller.  It seems like this is the logical direction of the growth of the city.

Seattle is the 6th best city for jobs and employers for computer science grads.

SURF Incubator is a good and cheap alternative for companies starting out who want a professional, collaborative, and entrepreneurial space.

Here is a look at the buildings Vulcan is selling in South Lake Union.

1201 3rd is for sale.

More good news for Sonics fans and potential major new development in SODO.  Here is another related article.

I thought this article about the economic health of Seattle was interesting.  From my perspective we are in much better shape. However, the unemployment rate here is higher than the U.S. average and rising even though tech companies can’t find workers .

More news on the development of the North lot of CenturyLink field consisting of hotel and office product.

A pilot program called Community Power Works is trying to make commercial buildings in Seattle more energy efficient.

Amazon revealed more about their planned HQ development  in South Lake Union, which was approved by the City of Seattle.

Attachmate announced that it is moving from West Lake Union to Union Station in the International District.

More office space looks to be coming available at Russell Investments Center as Dendreon continues laying off workers .

Marcus & Millichap released a report forecasting more office market growth and development.  Interestingly they say there are 21.7 million square feet of office in the pipeline.  Not sure how they came up with that number but we are seeing much less.

Here is a look at Google’s space in the Seattle area.

A small building in Pioneer Square called City Club sold.

Finally, a couple of buildings that were developed in the last cycle went up for sale.  This is further confirmation that the Seattle investments market it on fire right now.

Written by // Jade Rice