Briefing

Amazon reportedly scaling back expansion into new Seattle skyscraper after abandoning HQ2 plans in NYC

article-aa

The company is seeking tenants for 30 floors of office space that it had previously leased. Apple, Dropbox and Oracle are reportedly considering taking up space in the building in Rainier Square, which will be the second-tallest in Seattle once construction is complete. That’s after the company cancelled plans for a headquarters in New York City following local opposition. (GeekWire)

Read this article for free

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?

Talking point: The New York withdrawal highlighted the hard-line Amazon takes in negotiating with cities. Last year, the company used its expansion plans into Rainier Square as a bargaining chip to repeal a corporate tax that would have helped address homelessness in the city. Its withdrawal raises doubts about its growth strategy in Seattle, and may create an opening to revisit the corporate tax debate, this time giving the city more leverage. The news also raises questions about where Amazon does plan to expand. The company has said that many of the jobs intended for New York will be spread across other cities, including Toronto.