[KTARNews] Coronavirus pandemic or not, an investment advisory company is leaving the cultural unrest in Seattle and moving its headquarters to Phoenix’s Camelback Corridor." ... The unrest that has taken place in the city of Seattle ... there is really is not a downtown business community today," Smead Capital Management, President and CEO Cole Smead told KTAR News 92.3 FM.
Smead said that although taxes in Seattle are lower, candidate recruitment is harder and the cost of living within the city is more expensive than Phoenix.
"We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October," Smead said.