Industry News
Clarion Partners Buys Multi-Building Industrial Park Totaling 184,000 SQFT in Kent for $34.8MM
Four-building campus in heart of Puget Sound industrial corridor trades at $189 per square foot An industrial campus has traded hands in Kent,...
Labor Market Treads Water as Job Openings Fall to 7.1 Million
The U.S. labor market showed continued signs of cooling in November, with job openings declining and workers increasingly reluctant to leave their positions,...
Equity Residential Sells 408-Unit Centennial Apartment Complex in Seattle for $132MM
JRK Property Holdings acquires Belltown towers from Equity Residential in dual-building transaction A two-building apartment complex in Seattle has traded hands in a...
Eastside Office Construction Grinds to Halt After Tech-Fueled Building Boom
The Seattle Eastside’s office construction pipeline has fallen silent in 2025 after a remarkable three-year period that delivered nearly 5 million square feet...
Westport Capital Partners Sells 296,000 SQFT Mohawk Business Park in Tualatin for $36.7MM
An office complex in a suburb of Portland has traded hands. According to Washington County public records, the Mohawk Business Park in Tualatin...
Eastside Office Buildings Give Way to Housing as 426,000 SQFT Demolished for Residential Development
Five aging office buildings across the Eastside have been sold and demolished to make way for townhomes and apartments, reflecting a fundamental shift...
Tech Firms Find Growth Opportunities on the Eastside as Bellevue Emerges as Alternative Tech Hub
Nine major technology companies have leased a combined 595,000 square feet of office space on the Eastside over the past three years, establishing...
Eastside Office Market Records $106.4MM in Sales Across Six Transactions in Q4 2025
The Eastside office market closed 2025 with $106.4 million in investment sales across six transactions totaling 386,121 square feet, according to Broderick Group’s...
25,900 SQFT Mixed-Use Asset For Sale Near Amazon HQ in Downtown Seattle Sees Price Drop to $12.8MM
Property offering 9.5% cap rate with lease extension and redevelopment upside A mixed-use building that hit the market earlier this year in Seattle...
Eastside Office Market Records 12 Leases Totaling 800,000-SQFT in Q4 2025
Microsoft Corporation led Eastside office leasing activity in the fourth quarter of 2025 with a 396,228 square foot renewal at Redmond Town Center,...
Eastside Office Market Shows Signs of Stabilization as Vacancy Deflates to 21.8% in Q4 2025
The Eastside office market absorbed 333,163 square feet in the fourth quarter of 2025, marking a potential turning point after years of climbing...
Microsoft Renews 396,000-SQFT Lease at Redmond Town Center
Microsoft renewed approximately 396,000 square feet of office space at Redmond Town Center, marking one of the most significant lease transactions on Seattle’s...
