governments keep running out of other peoples money leading to things like this; 

 

The far-left blue city of Seattle is bleeding businesses as companies flee to locations that don’t charge crazy levels of taxes. As a result, the percentage of empty office buildings in the city has risen to more than a third. That is unbelievable.

And yet, the people who live there just keep voting for leftist political leaders who only make the problem worse. Mayors are supposed to try to attract businesses to their cities, not cause them to run away to other locations.

As technology allows more and more companies to have remote employees, the competition among cities is only going to become more fierce.

From My Northwest via MSN:

Seattle’s downtown office market is facing one of the steepest declines in the nation.

According to a new CoStar analysis, Seattle leads the country in falling office rents, with vacancies hitting record highs. Experts warn the slump could reshape Seattle’s commercial real estate, cutting into property values and city tax revenues while raising questions about the future of downtown.

“Though the amount of space available to lease has leveled off latelydue to planned demolitions and conversions removing someproperties from the market, the region’s vacancy rate continues torise more quickly than that of the rest of the country,” the analysis found. “Seattle’s officevacancy rate stands at 17.3% and is projected to peak at 18.3% in 2026.”.........more.......