![]() ![]() The market for office space in Seattle has tightened because of a lack of new construction in 2018, with less than 1 million square feet of new space coming available for lease. As a result, the Seattle office space market has seen demand, competition, and rents climb to new heights, while landlord concessions such as free rent and Tenant Improvement allowances have dropped. This economic boom has led to an increase in number of businesses hoping to establish a presence in the Puget Sound and capitalize on the consolidation of employee talent. Seattle is one of the country’s fastest growing cities of the past decade, with no stopping in sight.
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