Could We Lose Another Big Employer?
The TNT is reporting this morning on the potential move of biometric technology company MorphoTrak from its downtown Tacoma offices. They need space and their office in the 1100 block of Broadway isn’t enough for their 100+ employees. Where would they go if they don’t find something in Tacoma? Federal Way? Really?
Link to The News Tribune
Filed under: General
10 comments
S Sara Sandefur May 28, 2010
Excuses, excuses. Our city is full of empty office buildings and that’s their reason for leaving? I doubt it.
J Jesse May 28, 2010
Calling Haub… calling Haub… here’s your opportunity.
2.1% vacancy before or after Russell leaves?
A Argh Argh Anderson May 28, 2010
TRANSLATION: “Dear Eric Anderson, we’d like tax breaks and a free parking lot”
C crenshaw sepulveda May 28, 2010
Things are looking up, Buy Now!!
R Rob May 28, 2010
This sounds like a case of simple supply and demand. If another city has empty buildings surrounded by empty parking lots, and the building owners are willing to essentially giveaway the space, that is very hard to compete with…
J Jenyum May 28, 2010
Tacoma’s spaces are in pretty rough shape and commercial landlords (at least our most recent one) aren’t willing to put much effort into making them better. Federal Way’s a much younger city, I’m sure the office/retail spaces have much fewer code compliance issues.
C CA May 28, 2010
Sounds like they want a tax break.
A Altered Chords May 28, 2010
This is what the article says about class A space fed way vs tacoma:
“Class A vacancy in downtown Tacoma is at 2.1 percent, compared with 36 percent in Federal Way”
Is this because we don’t have much class A space to begin with and what we have is leased?
If haub did build, would it sit vacant like fed ways class A space is sitting now? Or, would it be quickly filled because business want to be here but can’t because there is not enough class A space?
In other words, is Tacoma 33% more attractive to a tenenat needing class A space than Federal Way?
A Altered Chords May 28, 2010
What will our class A vacancy rate be after Russell leaves town?
T Thorax May 29, 2010
Well, if the market goes T/U again (which I’m feeling it will), Russell may no have the $ to move after all.
THAT would be ironic.