According to the Puget Sound Business Journal,
Chris DeVore of Techstars and Founder Co-op predicts that South Lake
Union is becoming too expensive for Seattle startups. Startups innately
need inexpensive office space to get their company up and running, and
the combination of the new Amazon towers and other large scale office
buildings in South Lake Union are beginning to push startups out. So
where will these new businesses flock? DeVore predicts the University
District is the next big up and coming neighborhood to become popular
for startups, and he is so confident that he’s moving both of his
businesses in at the end of the year.
He lists several strong points – the light rail will soon service the
area, and it would be convenient to have all that tech talent from the
University right outside your office doorstep. The City of Seattle is
also planning on updating the U District’s zoning regulations to allow
taller buildings, an enhancement that would likely attract larger office
tenants. If you’re office is looking for new scenery, contact your local commercial real estate office today.
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