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Real Estate
 Joe Nabbefeld Real Estate Editor |
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February 1, 2001
Real Estate Buzz: Amazon shedding space? Bring it on
Tuesday's news that Amazon.com will lay off 1,300 employees still doesn't dim the views of real estate observers who have claimed for months that a softening of the office market is welcome.
The market last summer hit record low vacancy rates of about 1 percent. Since then dot-com layoffs have pushed vacancies up to more than 5 percent. The response has consistently been a sigh of relief and exclamations that 1 percent was just too tight, forcing tenants hungry for space to make sometimes-outrageous deals or go without.
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Previous columns:
- Real Estate Buzz: Competitors team up at Blatteis Realty, 01-25-2001
- Real Estate Buzz: Opus keeps churning it out in Fife, 01-18-2001
- Real Estate Buzz: Horizon snapping up deals in Tacoma, 01-11-2001
- Real Estate Buzz: Good news: office vacancies jump, 01-04-2001
- Real Estate Buzz: Opus buys Northpointe site, 12-28-2000
- Real Estate Buzz: Remember the old days, like 1997?, 12-21-2000
- Real Estate Buzz: An old flame catches Vulcan's eye, 12-14-2000
- Real Estate Buzz: Sublease totals may be peaking, 12-07-2000