Downtown Seattle is attracting more residents, local visitors, and event crowds, but its office economy is struggling. The 10 highest-value downtown office properties have seen assessed values drop by more than 50% since 2021, according to the Downtown Seattle Association's annual economic report. Office vacancy remains high at 25%, and downtown lost about 13,000 jobs in 2025, the largest annual decline since the early pandemic. Despite this, crime and public safety metrics improved, with 27% fewer fentanyl-related overdose deaths last year compared to 2024. The residential population remains a bright spot, with nearly 110,000 people now living downtown, an 80% increase since 2010.