{
  "url": "https://classa.info/cities/seattle",
  "title": "Seattle Class A Office Market",
  "description": "Big Tech's gravity well with deep South Lake Union and CBD inventory.",
  "oneSentenceAnswer": "Seattle Class A office rents around $52/sqft/yr, with 26.4% vacancy and 16 months of typical rent-free on a 10-year term.",
  "tldr": [
    "Amazon's combined South Lake Union and Bellevue footprint is the largest single-tenant office occupancy in the US.",
    "Class A trophy waterfront product (Rainier Square, F5 Tower) trades at $65-$75/sqft.",
    "Headline vacancy is elevated; trophy is tighter than the CBD average.",
    "Bellevue across the lake has emerged as a true alternative trophy market."
  ],
  "keyFacts": {
    "city": "Seattle",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$52/sqft/yr",
    "classARentUsd": "$52/sqft/yr",
    "vacancyPct": "26.4%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 16,
    "submarkets": 5,
    "corporateTaxPct": "21%",
    "talentIndex": 92
  },
  "faqs": [
    {
      "question": "How much vacancy is structural versus cyclical?",
      "answer": "A meaningful share is cyclical — driven by the 2022-2024 tech right-sizing — but office return rates in the Pacific Northwest remain among the lowest in the US, suggesting a structural component."
    },
    {
      "question": "Is Bellevue a true alternative to downtown Seattle?",
      "answer": "Yes. Amazon's Bellevue expansion, plus East Link light rail, has structurally re-rated Bellevue as a trophy market on par with downtown Seattle."
    },
    {
      "question": "What is the Seattle JumpStart tax impact?",
      "answer": "JumpStart applies to total Seattle payroll above $7M, taxed at 0.7-2.4% on compensation above $174,337. Material for high-headcount Seattle-based tenants."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/seattle), updated 2026-04-15T00:00:00.000Z."
}