#373 - Nordstrom to Move Out of One Downtown Seattle Office Tower
News For Reasonable People
English - February 11, 2021 11:00 - 17 minutes - 12.2 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
After a year that saw the Seattle-born retailer lay off workers and close stores, Nordstrom said Tuesday it will leave its offices on Seventh Avenue near Olive Way downtown, where it occupies a large part of a 24-story tower.
In a statement, the company framed the move as a chance to rethink office work post-pandemic.
“As we think about returning to our corporate offices later this year, we find ourselves with the rare opportunity to reimagine how these teams will work and collaborate in the future,” the company said.
The 1700 Seventh Ave. office tower has nearly 500,000 square feet of space. Nordstrom said it occupied 360,000 square feet on 15 floors of the building.
Nordstrom said it will still have 700,000 square feet of other office space in two downtown Seattle buildings.
Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.
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