Seattle Office Market Report

3rd Quarter 2020

Posted In — Market Research | Market Report

Now, at the end of the 3rd quarter, we are starting to see some signs of the economic impact on the regional office from the pandemic which has yet to be contained. The initial impact was a skyrocketing of the unemployment rate to 16.6% due to the loss of 318,000 jobs during the shutdown of “non-essential” businesses. As some businesses began to re-open, the region started to see improvement in May.

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