Death of the HQ? Pandemic Hits Commercial Real Estate, but Long-Term Trends Still Open to Debate

Office building vacancy is up across the Seattle region amid the shift to remote work due to COVID-19. Vacancy rose from 6.2% to 6.9% during the third quarter in the Seattle area, according to a new report from Kidder Mathews. (Vacancy rates reflect active leases. Even if a space isn’t fully occupied right now due to remote work, it’s not considered vacant if a lease is in place.)

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