All those empty office buildings in downtown Seattle are dragging down property values, according to newly-released King County Assessor data.
According to the King County Assessor’s Office, the city’s most valuable skyscrapers have lost $3.7 billion in value since 2022. Approximately a third of downtown commercial space remains vacant.
Among the biggest decreases in value are the Amazon Doppler Tower and Meeting Center (62% drop), Amazon’s Day One Tower and Spheres (59% drop), the DocuSign Tower on 999 Third Street (56% drop), Amazon’s Re-Invent Towers (55% drop), and the US Bank Centre (53% drop)…