Viewpoint

Puget Sound Office Viewpoint - Resilience Amidst Uncertainty June 2020

June 18, 2020

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  • 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.