Seattle Industrial Market Report

4th Quarter 2020

Posted In — Market Research | Market Report

2020 has been a very challenging year as the COVID-19 pandemic wreaked havoc with the economy, both locally and nationally. Between March and April, unemployment spiked to 16.6% when the region lost 315,000 jobs. Since then, our economy gained back 210,700 jobs by the end of November; with the unemployment rate now at 5.1%. Unemployment will likely increase, as certain businesses had to temporarily close in December with the increasing number of new COVID-19 cases.

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