Puget Sound Office Viewpoint - Resilience Amidst Uncertainty June 2020
June 18, 2020
- As the impact of the COVID-19 pandemic unfolds, analysis suggests resilience in the region's office market.
- Puget Sound unemployment followed the nation with a spike in April as consumption and investment stalled.
- Office employment, which is concentrated in the tech industry, is relatively insulated from long-term employment loss.
- Large-cap tech companies command a large share of office occupancy and are less disrupted by the shelter-in-place mandate.