Report quantifies Amazon’s impact on downtown Seattle and South Lake Union

While Amazon is accused of squeezing out brick-and-mortar retailers, its development in downtown Seattle is having quite a different impact, according to a new report.

Amazon now has 3.4 million square feet of office space downtown, accounting for nearly three-quarters of the area’s net absorption since 2011, “and its growth shows no signs of slowing,” real estate information companyCoStar Group wrote. “Between projects underway, in planning, and leases yet to be finalized, Amazon’s downtown Seattle footprint could easily eclipse 8 million square feet by forecast’s end.”

Amazon now has an estimated 18,000 local workers, with the potential to add 22,000 more over the next five years, according to the report.

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