Friday the 23rd of January I grabbed a Seattle Times for the trip home; lead article was that WaMu was vacating their lease in the Seattle Art Museum, 240,000 ft, at the tune of $5.8 mil a year. Chase has agreed to donate $2mil a year for 5 years to help mitigate the impact, but it still leaves a $3.8 hole in a $28 mil annual budget, coupled with everything else going on in Seattle it might be a challenging time in the commercial market.
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No doubt, combined with the now 10,000 layoffs for Boeing and 7,000 for Starbucks, it’s going to be even more important for small business to thrive, it is a time in the comercial market where only the strong survive the economic equivilent of natural selection, it’s definitely time to realign yourself and your business to be one of the strong that survive.
By: Chris Saffer on January 29, 2009
at 5:12 am