SEATTLE — "Thank you, New York."
The comment came from Vibrant Cities co-founder and CEO James Wong, but the sentiment was universal at Bisnow's recent event in Seattle.
Wong is referring to New York's negative reaction to Amazon's decision to build one of its 25,000-employee HQ2s there. Amazon opted to withdraw its plans after strong pushback from the city.
Here in Seattle, the job market continues to gain strength, which fuels the local economy and ultimately makes this city a good place to plant new hotels.
The Big Apple's loss is Puget Sound's gain. Rather than launching another big search for another HQ2 site, many people in Seattle expect that the company will just spread out into the local familiar territory, especially in Bellevue where the tech giant currently leases more than 1M SF and is expected to take 3.9M SF of office space. That would rival the company's plans for its Washington, D.C., site.
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