Will businesses leave the Seattle real estate market? » Publications » Washington Policy Center

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The Puget Sound Business Journal reported on August 5, 2021, that demand for office space in Seattle is down 29% from the pre-pandemic level while demand in other cities is almost back to normal. The ‘View The Space’ Office Demand Index (VODI) reports this is primarily due to two reasons, local employers not requiring employees to return to the office and a lack of job postings compared to postings prior to COVID.

There maybe other reasons that Seattle is so far behind.

With tech giants like Microsoft, Amazon, Google and Facebook not requiring employees to return to the office until later this fall and offering either fully remote or partially remote jobs, the demand for office space may not return to pre-pandemic levels anytime soon.

Another factor, partially for smaller businesses that have office space in Seattle whose employees that are now working remotely, is the inability for those businesses to exit…

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