There’s something unusual happening to property values in Seattle right now. As housing prices continue to climb, the value of commercial property is taking a big plunge. The County Assessor warns office buildings will be worth 30-40% less next year.

This is a historic shift. And it will have impacts on the cost of living for all of us.

That might not sit well with people who are already feeling the effects of inflation and high prices. Joshua looks at the downstream effects of plunging commercial real estate values, and what might happen at the ballot box this fall, as a result.

Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/booming.

Booming is a production of KUOW in Seattle, a proud member of the NPR Network. Our editor is Carol Smith. Our producer is Whitney Henry-Lester and Lucy Soucek. Our hosts are Joshua McNichols and Lucy Soucek, filling in for Monica Nickelsburg.

Support the show: https://kuow.org/donate

See omnystudio.com/listener for privacy information.

Like it or not, "smart robots" enabled with artificial intelligence are taking on jobs that only humans used to do - maybe even yours. Whether that's something to fear or embrace depends on whether the robot could replace you, or actually make you smarter.

In this episode, Joshua tags along with a robot "inspector" on an apartment tower construction site. The robot makes the rounds each day, helping its human counterparts detect construction defects and safety violations. Its use marks a new era for robots, which typically toil in highly controlled and predictable environments. But construction sites - like many other aspects of life - are messy, unpredictable places. This could open the door to many new applications.

Could you work alongside a smart robot? You may soon get to find out.

A special thanks to all you listeners out there who financially support KUOW. You make this show possible! If you want to help out, go to kuow.org/donate/booming. Thank you.

Booming is a production of KUOW in Seattle, a proud member of the NPR Network. Our editor is Carol Smith. Our producers are Lucy Soucek and Whitney Henry-Lester. Our hosts are Joshua McNichols and Monica Nickelsburg.

Support the show: https://kuow.org/donate

See omnystudio.com/listener for privacy information.

Seattle is littered with buildings that seem obsolete in our post-pandemic economy. Now an unprecedented number of them are going up for sale and selling at deep discounts. Some of those new owners will renovate to retain the history or character of a building. Others will tear them down and start again. In a Booming city like Seattle, we need to use every square foot of space. So how do we build for the future without demolishing our past?

To find out, Joshua revisits a lost neighborhood karaoke bar and a renovated Elk’s Temple in Tacoma. And he learns that renovation and rebuilding aren’t our only options.

A special thanks to all you listeners out there who financially support KUOW. You make this show possible! If you want to help out, go to kuow.org/donate/booming. Thank you.

Booming is a production of KUOW in Seattle, a proud member of the NPR Network. Our editor is Carol Smith. Our producers are Lucy Soucek and Whitney Henry-Lester. Our hosts are Joshua McNichols and Monica Nickelsburg.

Support the show: https://kuow.org/donate

See omnystudio.com/listener for privacy information.