Dylan Burzynski

Dylan Burzynski asked if Hudson Pacific Properties is observing "green shoots" and strong demand growth in Seattle CBD, where their portfolio is primarily located, similar to San Francisco, and expressed concern about the changing, more progressive political environment in Seattle.

Answer

CEO Victor Coleman confirmed that Seattle is showing signs of turning, with two large tech companies poised to sign significant leases, effectively removing sublease space from the market. He noted Bellevue's strong performance and near-zero vacancy. Regarding the political situation, Victor Coleman mentioned pro-business growth in San Francisco and San Jose, and expressed optimism that a complicated "millionaire's tax" bill in Seattle, which he views as an excise tax, will not pass, potentially turning a negative into a flat or positive outcome.