alt Hacker NewsYour argument is that it's simply because of dropping prices. Maybe that does explain the bulk of it. But the article seems to suggest it's the WFH transition. How much of the vacancy rate would be explained by that?
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brookst • today at 5:44 AM
Is there any reason to think WFH rates would differ between Seattle and Bellevue?
I’m not super knowledgeable in this area but GP is right the The Seattle Times is a very partisan outlet that spins confirmation bias into everything. Left-leaning politicians elected? The rain is their fault. Centrists (because this is Seattle)? They’re doing the best they can, maybe give more money to Amazon?
I can tell you specifically that Indeed dropped its footprint because of WFH. They moved into that building during covid, then shortly after introduced permanent work from home / hybrid.
The other person’s point about rents probably explains the continued emptiness but WFH definitely drove the abandonment. And that newspaper does suck.