Apple Photo: “CAVE CANEM”/Flickr

Earlier this week, Bloomberg reported that Apple had committed to leasing permanent office space in downtown Seattle, citing “two people with knowledge of the matter.” If the news is true, the Cupertino-based tech giant would be leasing two floors, 44 and 45, at Two Union Square. The floors would provide enough space to house up to 200 Apple employees.

According to Bloomberg, the Washington State Investment Board, which controls several pension plans for firefighters and other civic workers, owns Two Union Square. The building is Seattle’s third tallest tower behind the Columbia Center and 1201 Third Avenue.

The new space would expand Apple’s presence in the city and come at a time when many other Bay Area tech companies are also migrating northwest to Seattle. The recent moves are heavily influenced by the lower cost of housing relative to the San Francisco market.

The significant amount of tech talent already located in Seattle is also swaying many Silicon Valley executives to make the move.

The University of Washington is consistently ranked among the top 10 universities for computer engineering degrees in the country. Plus, Twitter, Facebook, Dropbox and myriad other Silicon Valley companies have outposts in Seattle and entrepreneur Jeff Bezos founded e-commerce behemoth Amazon in the city in 1994.

An Apple spokesman declined to comment on the matter to Bloomberg.

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