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Q1 2022 Seattle Office Market Report

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The market’s largest occupiers of office space have announced that their employees will return to physical offices, either full-time or hybrid. Amazon, Microsoft, and Meta (Facebook) began returning this quarter while Alphabet (Google) and Apple will return during Q2. Altogether, they represent 9.2%, or 159,000, of all employees in the metro. Once the largest companies are bringing their employees back to offices, smaller ones will follow suit in the next few quarters, if they have not already. In the midst of the Great Resignation, where 3.0% of the workforce nationally quit their jobs in December, a positive sign for Seattle’s future labor supply is that it ranked #1 on the Axios survey of “where college students want to move,” ahead of New York, Los Angeles, Denver, and Boston. As a desirable location for the increasingly valuable pool of talent that fuels the tech-rich environment of the area, Seattle is well-positioned to be a big winner in the war for talent.

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Q1 2022 Seattle Office Market Report

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Jacob Pavlik

Research Manager

Seattle

Jacob Pavlik joins the Colliers team after working in the Economic Development and Planning departments for the cities of Hillsboro, Oregon and Alexandria, Virginia, respectively.  At Colliers, he leads a team of researchers to  collect, analyze, and synthesize market data for Puget Sound and Portland. He loves the challenge of taking complex data and making it easily digestible for a wide audience. He assists brokers with research specific to their client's needs, including geovisualizatoin and micromarket analysis.

His authentic passion for commercial real estate is seen most clearly when Jacob explores his local urban ecosystem and travels to new cities around the world to see how they function and relate to each other. He likes to see the built environment adapt to the changing needs, desires, and behaviors of the people who populate it. These functions fit perfectly into Jacob's role as Research Manager, telling the story of how commercial real estate in the Pacific Northwest evolves over time.

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