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Showing posts with the label tech layoffs

Seattle Tech Slowdown Hits Condo Market

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Seattle Condo Market Snapshot: Prices, Sales, Inventory Uncertainty is showing up in Seattle’s condo pricing as last year’s peak conditions faded. September 2025’s median fell to $525,000 from $575,000. Average time on market stretched to 50 days by September 2025, underscoring a slower pace than 2022–2023. Tightening financing amid high interest rates is also contributing to broader housing market strain as development timelines slip. Price Disruption January 2026’s citywide median was $577,000, a 19.3% drop from January 2025’s $689,975. The 2025 median sale price was $585,000. Traditional condos posted a $445,000 median, down 12.9% year over year. Non-traditional condos measured $775,000, down 5.8%. Sales and Inventory Strain Sales velocity weakened. September 2025 logged 189 sales, and January 2026 fell to 142. Active inventory rose 21.6% year over year, with months of supply jumping to 5.4. New listings pushed September inventory to 2.9 months, a high. List-to-sale stayed at 99.4...

San Francisco's Transbay Tower Now 30 Percent Vacant, Banks Demand Fire Sale Amid Relentless Tech Layoff Exodus

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Key Takeaways San Francisco's Transbay Tower is experiencing a 30% vacancy rate, highlighting the tech industry's challenges. Banks are advocating for a fire sale in response to the ongoing vacancy and tech layoffs. Economic stability is in jeopardy as tech job losses continue to rise. Tech Industry Challenges Lead to Financial District Decline Transbay Tower, a symbol of San Francisco's skyline, now grapples with a 30% vacancy rate. This is a stark reflection of the tech industry's decline. The once-buzzing Financial District is eerily quiet as relentless layoffs force companies to cut costs. Banks urgently push for a fire sale amid these exodus. Investors face a rapidly changing market environment. Concerns mount as tech job losses threaten economic stability. Find out the implications of this dramatic shift. Tech Exodus Spurs Office Market Vacancies Storm clouds are gathering over San Francisco's famed skyline as a once-thriving office market grapples with an ala...