The county auditor reported that on any given day earlier this year, only about one-quarter of desks and offices at King County's downtown buildings were occupied by an employee, leading to concerns over future office space needs.
The audit revealed that at the Chinook Building and King Street Center, no more than 50% of workspaces were occupied on any day, prompting questions about the accuracy of projected office space requirements.
The significant level of office vacancy has led to predictions that assessed values of downtown properties might decline by 35% to 40% next year, reflecting the impact of remote work.
As Seattle and King County prepare to enforce office attendance policies, the current occupancy rates may indicate that leaders are underestimating the long-term shifts in workspace dynamics.
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