Figures

Puget Sound Office Figures Q4 2022

January 7, 2023

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  • In November 2022, the weekday office building attendance for multi-tenant buildings in Seattle CBD was between 35%-60%, a sign of recovery compared to 15%-20% in November 2021, according to CBRE Property Management’s on-site metrics.

 

  • Tech companies are cutting costs and rightsizing amid market uncertainty. Leasing activity has shifted toward professional service, legal, and finance firms.

 

  • Although touring tenant activity remained the same across the region, local brokers reported decision-making is postponed until 2023, influenced by employees’ uncertain return to the office.