Microsoft Halts Lease Negotiations For SLU Campus

Now's the time to rent office space in Seattle's business districts, apparently. Microsoft halted talks on a possible office space lease in South Lake Union, citing economic woes. From the P-I's report: "The loss for now of Microsoft as a potential tenant will put additional downward pressure on office rental rates in Seattle, according to Kip Spencer, the co-founder of OfficeSpace.com and an executive at JE Dunn Construction Co." Ouch. Even the giant is brought to its knees when it comes to money problems.