He also said he “would like to improve diversity” by establishing a presence in cities, such as Atlanta, Miami and Washington, which have large populations of blacks and Hispanics who do not have representatives in the field of technology. For example, Chicago has very few tech jobs, and college students who want to work in the industry have to move to other cities after graduation, Yasukochi said. But that is changing; Google, Facebook and Amazon now have offices there.
Dianne Crocker, principal analyst at LightBox, a company that provides data and software for the real estate industry, said:
However, the Seattle area, home to Amazon, Expedia, Microsoft and Zillow, is the biggest beneficiary. Most of the area’s new leases are in the nearby cities of Redmond, Kirkland and Bellevue, just east of Seattle, across Lake Washington.
“Downtown Seattle is “getting closer to capacity building,” said Mr. Yasukochi, but the so-called Eastside still has room for companies to expand. Some businesses are creating small campuses, and others are flocking to new developments like Bellevue’s Spring District.
Microsoft is adding 17 buildings and 8,000 employees to its headquarters in Redmond, about 15 miles northeast of Seattle. Amazon is planning to add 25,000 more workers at Bellevue.
Growth has also stemmed from emerging technology sectors such as the commercial spaceflight industry, which has boomed thanks to an increase in the production and launch of satellites for communication and observation by companies like SpaceX. of Elon Musk and the successful spaceflights of Jeff Bezos’ Blue Origin. About 40 space-related businesses such as a satellite manufacturer employ more than 6,000 people in the Seattle area; Stan Shull, chief executive officer of Alliance Velocity, an aerospace consulting firm, said in August it listed more than 1,000 open jobs.
“There’s a real ‘space cluster’ of big companies, startups and venture capitalists growing here,” he said.