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Seattle & Northwest  + Seattle  + Office  | 

Seattle Mayor Proposes Incentive for Office Conversions

Amid the ongoing housing crisis and the threat of loss of tax revenue, Seattle Mayor Bruce Harrell is pushing to make it easier for property owners to convert commercial buildings for residential use. As part of his Downtown Activation Plan, Mayor Bruce Harrell has submitted new legislation to the City Council aimed at removing regulatory barriers for converting existing buildings from commercial to residential uses.

“As Seattle continues to evolve, we are committed to meeting the dynamic needs of our city, particularly in downtown,” said Harrell. “While we know there remains a need for office space, this effort will give us the flexibility to help optimize our built environment and create the downtown we want to see–a thriving workplace and vibrant community for families and residents of all backgrounds.”

The proposed legislation would establish clear guidelines for qualifications for residential conversions and provide broad exemptions from design development standards. Harrell also recently proposed land use code changes to increase density in neighborhoods throughout Seattle.

Industry leaders and power players are connecting at Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. Don’t miss the expert’s take on where the market is headed, and what changes are on the horizon. Register Now!

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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