For what it's worth, I recently moved apartments in downtown Seattle and the there's little in the way of downward price movement... yet. I shopped around at most of the buildings down here (2BR prices) and didn't find too much in the way of desperation, but this is all anecdotal I suppose.
We stayed downtown for my wife who supposedly would be "back in the office" later this year (she doesn't drive), but I really wish I had gone with my gut and pushed for us to move further out. There is absolutely no benefit to being in Seattle proper right now, and it would not surprise me to see more people leave (I've considered just becoming rent-responsible on the lease and eating the cost, it's annoying me to death).
(If you're talking about anywhere near Cap Hill, nobody wants to sign a lease there after they tear gassed the entire neighborhood a few weeks ago)
We stayed downtown for my wife who supposedly would be "back in the office" later this year (she doesn't drive), but I really wish I had gone with my gut and pushed for us to move further out. There is absolutely no benefit to being in Seattle proper right now, and it would not surprise me to see more people leave (I've considered just becoming rent-responsible on the lease and eating the cost, it's annoying me to death).
(If you're talking about anywhere near Cap Hill, nobody wants to sign a lease there after they tear gassed the entire neighborhood a few weeks ago)