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Empty Office Spaces Soar in Downtown Seattle

SEATTLE-The total vacancy rate hit 21.1% during the fourth quarter, according to statistics released by Cushman & Wakefield, 'a record vacancy for downtown Seattle,' says senior director Matt Christian.

By Seattle Times | Updated on January 20, 2010

SEATTLE-Empty office space in downtown Seattle has climbed to levels not seen in decades, reports the Seattle Times . The total vacancy rate hit 21.1% during the fourth quarter, according to statistics released by Cushman & Wakefield. That’s “a record vacancy for downtown Seattle,” senior director Matt Christian says.

It hadn’t topped 20% before in the 22 years the firm has been tracking the market, according to the Seattle Times. Grubb & Ellis pegged the fourth-quarter rate at 18.9%. Colliers International said it was 17.6%.

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