Seattle's Office Rents Have Second Biggest Drop In The Nation Behind New York

The ongoing delay of return-to-office policies is putting a damper on the nation’s office markets, and Seattle is no exception.

A CommercialEdge report shows the Seattle area’s average office space listing rate in December was down 2.5% from the year prior, to $35.67 per square foot. Only Manhattan’s office market price drop, which is down 7.2% year-over-year, is steeper.

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