Retail
Prime position
Seattle has become the US’s biggest company town thanks to the rising fortunes of one business: Amazon. The e-commerce company, founded by Jeff Bezos in 1994, owns a staggering 19 per cent of all prime office space in the city. Analysis conducted for The Seattle Times shows that Amazon now occupies more office space than the city’s next 43 leading employers combined and it’s only set to grow. Within the next five years its footprint of 8.1 million square feet is expected to soar to more than 12 million. Whereas e-commerce has long been criticised for hastening the demise of bricks-and-mortar shops, Amazon’s ascendence has been echoed by an impressive revival in independent retail in Seattle, according to the newspaper: between 2010 and 2015 retail sales grew by 19 per cent, faster than in any other neighbouring cities.