Globest Sectors

In short Seattle is a tenant's market.

As for 2023, the decline continued in September.

There was a brief window in which borrowers were able to shift to five-year fixed-rate loans but mainly it has been a volatile year.

Declines in mobility and existing home sales leading to more normalized metrics.

Companies also face challenges related to the availability and cost of land.

But economists expect unemployment to peak at 4.2% sometime next year.

This is not to downplay the problems the neighborhood is facing.

Vacant offices and older buildings may have a place in alleviating the national housing crisis, but with some important considerations.