Amazon’s extraordinary growth has turned Seattle into the biggest company town in America.
Amazon now occupies a mind-boggling 19 percent of all prime office space in the city, the most for any employer in a major U.S. city, according to a new analysis conducted for The Seattle Times sarana99.
Amazon’s footprint in Seattle is more than twice as large as any other company in any other big U.S. city, and the e-commerce giant’s expansion here is just getting started.
The swarms of 20-somethings crowding into South Lake Union every morning represent an urban campus that is unparalleled in the United States — and they have helped transform Seattle, for better or worse. Amazon’s rapid rise has fueled an economy that has driven up wages and lowered unemployment, but also produced gridlock on the roads and sky-high housing prices sarana99.
And while Seattle’s booming economy is often attributed to a wide variety of factors, increasingly, it’s all about one company.
Amazon now occupies more office space than the next 40 biggest employers in the city combined.
And that’s only the beginning: Amazon’s Seattle footprint of 8.1 million square feet is expected to soar to more than 12 million square feet within five years.