Property News · June 4, 2018

Amazon will find it hard to follow on threat to leave Seattle even as city imposes tax on large firms


Despite Amazon’s threat to scale back in Seattle after the city enacted a head tax, it could be costly for the giant retailer to retreat from its hometown.
The company, which has more than 45,000 employees in Seattle, has amassed an equally gargantuan real-estate footprint during a decade-long office-space shopping spree.
Based on average office rents in the greater downtown area, Amazon’s office rent bill is likely north of US$200 million a year – far more than its estimated…

Source : South China Morning Post
Read more…Amazon will find it hard to follow on threat to leave Seattle even as city imposes tax on large firms

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