Office

As the Puget Sound region (along with many other parts of the country) faced headwinds caused by the pandemic, it continues to remain one of the most active markets in the US, with 51 active cranes and 8.3M SF of office space under construction – 66% of which has been leased.Read More

Office

At beginning of Q2 , the Puget Sound region experienced a complete halt of construction, leasing and sales activity. Vacancy increased 30 bps to 8% with 449K SF being absorbed. Sublease space increased in Downtown Seattle as tenants stopped to re-assess the current market conditions. Class A office space remained unaffected as well capitalized tech companies continued their expansion plans.

A growing trend that isRead More