CBRE: prime office occupancy costs in Seattle rise by 17.3% in year to September 2015

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In its latest review of global prime occupancy costs, ‘Office space gets pricier as global economy edges up’, CBRE noted that Seattle’s Downtown was in 1st position in its ranking of centres by increases in local currency occupancy costs. Occupancy costs in Downtown Seattle increased by 17.3%. With September 2015 occupancy costs of US$56.05 per square foot per annum, Seattle was by that measure the 50th most expensive centre overall. Seattle rose by eight places in CBRE’s ranking of the most expensive centres over the six months to September 2015.

Source : CBRE/ February 2016/Seattle/OFF