Industry News
Downtown Seattle Posts 720,000 SQFT of Office Leasing in Q1 2026 as Non-Tech Tenants Drive Demand Diversification
Law firms, professional services giants, and an automaker are reshaping downtown’s tenant mix even as the submarket contends with the region’s highest vacancy...
Redmond Office Vacancy Plunges From 20.8% to 6.4% in Q1 2026 in Sharpest Single-Quarter Drop Across Puget Sound
The dramatic 1,440-basis-point contraction reflects renewed commitment from major technology tenants along the Willows Road corridor and positions Redmond as one of the...
General Motors Signs 43,000 SQFT Lease at Kilroy Realty’s West 8th Tower in Seattle’s Denny Regrade
The automaker’s new lease adds to 74,000 square feet of recent commitments at the renovated office tower, joining law firm Foster Garvey in...
Dell EMC Reverses Course With 46,000 SQFT Renewal at King Street Crossing in Downtown Seattle
The technology company’s renewal follows its decision to shed 43,000 square feet in 2024, signaling renewed confidence in maintaining a Seattle presence amid...
PwC Renews 47,000 SQFT Office Lease at US Bank Center in Downtown Seattle
The professional services giant’s renewal at one of Seattle’s premier Class A towers adds stability to a downtown submarket still contending with 35.1...
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...
