Weathering the Recessionary Strom

The Puget Sound industrial market was once expected to escape the global recession unscathed. When financial turmoil began to ramp up in late 2008, forecasters remarked that the region, with its preponderance of high tech jobs and an educated workforce would weather the storm better than most. At first, employment drops were only seen in the region’s secondary employers. But with new contractions in aerospace, software and other core industries, the Puget Sound now joins the rest of the country in its recession. While the region has not escaped this downturn unscathed, expect the market to weather it better than most.

Contact Jennifer Cash at 425.453.4545 for more information.

1Q09_office_report.pdf
ATTQDYR9.pdf

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