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Category: Employment

Seattle’s Rising Income is Affecting Real Estate Prices, Among Other Things

The proof is in. The Bureau of Labor Statistics has recently released a report recently that shows that Seattle’s incomes are increasing rapidly. In fact they are rising at twice the national average. (see chart) Of course everyone acknowledges this is affecting the purchase price of real estate, as well as rentals. And that is …

Amazon Makes Major Downtown Seattle Real Estate Purchase

Amazon has quietly made one of the most significant purchases in downtown in years. They have bought 3 blocks of the Clise Properties real estate holdings and plan to put a 1 million sq ft office tower on each. This will have a huge impact on jobs and growth in the downtown Seattle business area. …

Are Boeing Executives coming back from Chicago?

The Business Journal reports that Boeing has signed a lease for the 41st and 42nd Penthouse Floors of the Russell Building in downtown Seattle (previously the WaMu building). This is great news for the region! It means the Boeing corporate executives see value at being here, near their roots, and at the center of the …