The Exchange Building is one of several Art Deco office buildings in Seattle. It was designed as a home for stock and commodity exchanges. The Exchange Building was the last large downtown building built before the Depression of the 1930s hit the city. It was Seattle business district's tallest building until after World War II ended in 1945.

Signs in image: Hotel Stevens. Marion. The Bank of California. Dexter Horton Building. Carter, MacDonald & Miller. Exchange Building Rental Office. Dr. [Elwin?] J. Brown, Dentist. National Hotel. Title to All the Land Upon Which is Being Constructed This Twenty-Three Story EXCHANGE BUILDING Has Been Insured by [...] Washington Title Insurance Co. Brewsters. Green Parrot. Austin's.
Handwritten on sleeve: Exchange Bldg. Progress 5-1-29.
Photographer's Reference Number: 133058