Seligs Say Leases in Play for Much of Their New Seattle Office Space

Leasing activity at Martin Selig Real Estate’s new and planned Seattle office developments has been brisk, company leaders said on Friday. This underscores the much-talked-about flight to quality phenomenon and is spurring the company to look at upgrading or even redeveloping older buildings in its 33-building portfolio.

Leases are in play for around 60% of the office space in both the company’s new Federal Reserve Building downtown and 400 Westlake project in South Lake Union, said company founder Martin Selig and his daughter, Executive Vice President Jordan Selig.