Industry News
Mercer Island Office Vacancy Plunges to 2.9% in Q2 2026, Tightest Market on the Eastside
Mercer Island, the smallest office submarket on the Eastside, tightened to a 2.9 percent vacancy rate in the second quarter of 2026, leaving...
Bothell Office Market Stabilizes in Q2 2026 With Positive Absorption as Vacancy Eases to 20.4%
Bothell, the most affordable office submarket on the Eastside, swung to positive absorption in the second quarter of 2026, trimming its stubbornly high...
IRG Completes Multi-Million-Dollar Overhaul of 528,000 SQFT Former NORPAC Plant in Stayton, Ore.
Industrial Realty Group has finished a top-to-bottom redevelopment of the shuttered NORPAC food-processing plant in Stayton, Oregon, converting more than 528,000 square feet...
Kids Gym and STEAM Operator Hunts 2,700-to-5,500 SQFT Across Six Puget Sound Markets on 10-Year Terms
A children's fitness and STEAM education operator is scouring six of the Puget Sound's tightest retail submarkets for a high-ceilinged box between 2,700...
Washington Inventory Climbs 16.4% as Summer Sales Rebound, NWMLS Reports for June 2026
Buyers across Washington gained their widest selection of homes all year in June 2026 as active listings surged 16.4 percent year over year,...
Henbart to Convert 22,000 SQFT of Former Office Space at The Commons at Ballard in Seattle into 23 Apartments
When Gravity Payments left and Bartell Drugs went dark below, Henbart finally had the opening — and the city's incentives — to do...
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
Seattle’s World Cup Payday Ran on Room Rates, Not Crowds, as the Retail Boom Stopped at a Few Blocks
Seattle's month as a FIFA World Cup host generated record hotel revenue and record downtown foot traffic, but the underlying data shows a...
CBRE-Owned Industrious Renews 21,000 SQFT Flexible-Workspace Lease at City Center Bellevue as Eastside Turns a Corner
Industrious, the premium flexible-workspace operator now owned by CBRE, has recommitted to its home on the top floors of one of downtown Bellevue's...
Coworking Operator Kiln Lands 26,000 SQFT Lease at Symetra Center in Downtown Bellevue
Flexible-workspace operator Kiln has secured 26,143 square feet at Sterling Realty Organization's recently renovated Symetra Center, planting a second Washington flag in the...
Kirkland Office Rents Hold Above $46 in Q2 2026, Trailing Only Downtown Bellevue as Vacancy Ticks Up
Kirkland cemented its status as the Eastside's second-priciest office submarket in the second quarter of 2026, commanding gross asking rents above $46 even...
Bellevue Suburban Office Gives Back Ground in Q2 2026 as Vacancy Climbs to 12.8%
The Bellevue Suburban office submarket surrendered occupancy for a second straight quarter in the second quarter of 2026, pushing vacancy to 12.8 percent...
