Real Estate

Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.

Starbucks gets cold reception after demanding rent breaks from landlords

A steady stream of cars goes through the drive-through at Starbucks on Martin Luther King Jr. Way S. near S. Graham St. in Seattle Tuesday, May 19, 2020.  Starbucks landlords, especially of busy drive-throughs, say they’re not willing to give in to Starbucks’ request for 12 months of lease concessions.  This particular location also has no inside seating.
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Starbucks, warning of the impact of "the worst recession since the Great Depression," has demanded rent concessions from many of its landlords. Some are not happy to be asked.

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