Seattle Office Leasing Activity Dips, Tech Still Drives Market

Kidder Mathews notes, year-end net absorption hit nearly 5.8 million square feet, as tech titans (Amazon, Google, Facebook, Microsoft and Apple) again continued their appetite for close-in office space heading into the new year. Though it points out cranes remain active in both Seattle and Bellevue, with developers pursuing new construction in both of those CBDs, as downtown Class A space becomes increasingly scarce.