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flag Amazon is leaving its Seattle headquarters, moving to Bellevue and reducing its downtown workforce, contributing to a record office vacancy rate.

flag Amazon is accelerating its move from downtown Seattle, no longer renewing its lease on its original Denny Triangle headquarters and shifting operations to Bellevue, where its workforce has grown to about 15,000. flag The company has vacated nearly 1 million square feet of office space in Seattle, contributing to a record 34.7% office vacancy rate. flag This departure is part of a broader trend as major firms like Nike and Lululemon reduce their presence amid rising rents, taxes, and crime. flag Amazon’s Seattle workforce has declined to about 49,000, below its 2020 peak, allowing the University of Washington to become the city’s largest employer.

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