Viewing entries in
Local Economy

Facebook Investing $7.5 Million in SODO Office Space

Comment

Facebook Investing $7.5 Million in SODO Office Space

Facebook will soon be expanding its foot print in SODO, this according to a recent article published by the Puget Sound Business Journal, which indicates that the social media titan is investing $7.5 million into office space renovations at the Home Plate Center building. After initially indicating that they would lease a full floor at the office tower earlier this year, permits filed with the city of Seattle show that “Oculus” (the virtual reality arm of Facebook) has leased over 62,000 square feet.

Comment

Do You Know the Fastest Growing Neighborhoods in Our Region?

Comment

Do You Know the Fastest Growing Neighborhoods in Our Region?

Home to Amazon’s Seattle campus and explosive growth over the past few years, many will be unsurprised to hear that the fastest-growing neighborhood in the region is South Lake Union. The second neighborhood, however, may come as a surprise. To get there, you have to travel to the Eastside…

Comment

Washington Ranked Second Best State for U.S. Business in 2018

Comment

Washington Ranked Second Best State for U.S. Business in 2018

Every year, CNBC ranks all 50 states to determine those that are the top destinations for businesses, using “more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council, YPO and the states themselves.” In order to achieve balanced results, points are awarded to states from ten overarching categories and are weighted depending on how frequently they are used as selling points for economic development.

Comment

WeWork Adds to Seattle Presence with Two New Leases

Comment

WeWork Adds to Seattle Presence with Two New Leases

WeWork, an international co-working space provider, is greatly adding to its Emerald City footprint, as a recent report by Colliers International reveals that WeWork signed the two largest leases in Seattle in the second quarter of 2018, securing 120,000 square feet of office space at Metropolitan Park East, and an additional 115,000 at 1201 3rd Avenue. Seattle ranked tenth on the list of the nation’s top office markets, but its performance is quite stellar given the strength of WeWork and e-commerce giant Amazon.

Comment