Amazon and Starbucks policies boost office job growth as apartment REIT navigates supply headwinds in Emerald City

Seattle is emerging as a bright spot in Equity Residential’s portfolio, with the Pacific Northwest market showing steady improvement as tech companies drive employment growth and return-to-office mandates take hold across major employers.

The apartment giant’s second-quarter earnings revealed a Seattle market in transition, benefiting from stabilizing employment trends while working through the final phase of a challenging supply cycle that has pressured rents in recent years.

Tech Recovery Powers Job Growth

“In Seattle, the improvements continue with the market working past the quality of life issues that have been a challenge,” said Michael Manelis, Equity Residential’s

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