Seattle’s downtown paradox: Commercial engine sputters amid improved safety and visitor growth
By Lisa Stiffler
Published on March 12, 2026.
Seattle's downtown economy is experiencing a shift from tech, retail, arts hub, and downtown employment, with a surge in job numbers since the pandemic of the last decade. The Downtown Seattle Association (DSA) report suggests that the city's total downtown jobs peaked in 2019 with over 340,000 workers, but have since since then, they have been decreasing. The report also highlighted a record increase in taxes employers in Seattle are paying, with the city’s JumpStart tax targeting large employers with high-earning employees and restructuring of Seattle’�s tax on gross revenue. The new state income tax on wealthier individuals is also on the horizon. Despite improvements in crime and visitor growth, downtown residents have seen an 80% increase over the past 25 years, and visitors are also visiting more frequently. Despite these improvements, downtown job numbers have not yet translated into a full-scale recovery of the workforce. Key elected leaders have acknowledged concerns about rising taxes and government budgets.
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