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.



Maybe the just got hip to the potential acronym - SLUM