Industry News
Meta Renews 146,000 SQFT Lease at Willow Creek Corporate Center in Redmond as Eastside Vacancy Tightens
The social media and technology giant recommits to its long-held Willows Road campus as Redmond’s vacancy rate plummets from 20.8 percent to 6.4...
Providence Signs 260,000 SQFT Lease at Longacres Campus in Renton, Marking Q1 2026’s Largest Puget Sound Office Deal
The healthcare system’s new lease at the Class A medical office campus on the former Boeing property anchors the Southend submarket’s positive absorption...
Puget Sound Industrial Market Faces Mounting Headwinds as Vacancy Climbs to 9.3% in Q1 2026
Trade disruptions, declining port volumes, and cautious occupier demand are weighing on the region’s industrial fundamentals, though pockets of strength in Pierce County...
Puget Sound Developers Advance Office Projects Through Permitting and Demolition as Construction Pipeline Sits Empty for First Time in Over a Decade
With zero square feet under construction and no deliveries in Q1 2026, early-stage development signals suggest the region’s next building cycle is being...
Charles Schwab to Close Downtown Portland Branch in June
The financial services firm is repositioning its Portland footprint, moving 20 employees out of Park Avenue West as the downtown core continues to...
Family-Owned 21,600 SQFT Denny Triangle Development Site in Seattle Trades for $32.4MM in Equity Deal
The half-acre parcel in Seattle carries a master use permit for an 11-story, 305,000-square-foot life-science and office project designed by Perkins+Will for Trammell...
Church of Jesus Christ of Latter-day Saints Sells 3.88-Acre Bellevue Site Slated for 15-Lot Travara Subdivision for $16.5MM
A 3.88-acre parcel on Northup Way will be cleared to make way for single-family housing under a planned unit development filed with the...
North American Life Sciences Sector Grapples With Supply Glut as 55% of Recent Lab Deliveries Sit Vacant
A pandemic-era construction wave has collided with cooling demand, leaving nearly 60 million square feet of new lab space struggling to find tenants...
Kirkland Pushes Sound Transit to Preserve Line 4 Light Rail Amid $34.5 Billion Funding Shortfall
The Eastside city warns that an indefinite deferral of the voter-approved project would leave significant mobility needs unmet for decades. The City of...
Panattoni Buys 32 Acres in North Bend for $9MM for Construction of 357,000 SQFT Mount Si Industrial Center
The Irvine, Calif.-based industrial developer acquired an entitled 32-acre site next to Nintendo’s distribution center for a three-building logistics campus, extending its footprint...
Outrig Storage Buys 4.8-Acre Vehicle Storage Property in Renton for $7.5MM
The Chicago-based operator acquired East Valley RV, Boat & Car Storage as its first location in Washington, signaling broader regional expansion plans Chicago-based...
214,000 SQFT Trellis West Advanced Manufacturing Campus Hits the Market in Hillsboro’s Sunset Corridor
The four-building Silicon Forest property is 85 percent leased with a 5.1-year weighted average lease term and roughly 39 percent investment-grade credit tenancy...
