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March 31, 2011

Office vacancy rate creeps up

By JOURNAL STAFF

Despite a number of big leases recently, the office vacancy rate in downtown Seattle increased about half a point to nearly 14 percent.

The reason is that Amazon.com's mega deal for most of 1918 Eighth, a new high-rise, and other large transactions have not taken effect. When they do, the rate will drop a full percentage point, according to Seattle-based Kidder Mathews, which released its first quarter report yesterday.


 
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