Amazon Effect – Part 2

Jeff Bezos and Paul Allen are competing to see who can make the heart of Seattle into his own vision. Microsoft co-founder and Seahawks owner Allen’s football stadium south of downtown and his Lake Union redevelopment Experience Music Center to the north are changing the face of the city.

Meanwhile, Amazon now occupies more than 25% of Seattle’s total office space. The all-things-for-sale behemoth filled 70% of new office space last year and is on track for the same in 2017. Of course, this keeps rents high for other tenants in the downtown area. People who are prone to worry have expressed concern that with one entity so entrenched in the city’s core, a downturn in Amazon’s fortunes could have a deleterious effect on Seattle. But that’s silly. Big companies are immune to that sort of adversity.

When Congress shut off federal funding of the SST – Supersonic Transport – in 1971, the Boeing Company furloughed 68,000 of its 100,000 employees.

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