Leasing
Data Center Vacancy Hits Near Zero as AI Demand Outruns Power and Permitting
With vacancy at essentially zero and tenants signing leases three years before space delivers, Digital Realty Chief Executive Officer Andy Power and CBRE’s...
IRG Tilts Up Walls on 612,000 SQFT Fortune 25 Build-to-Suit at Auburn 18 Business Park
Industrial Realty Group has erected the walls on a 612,000-square-foot build-to-suit for a Fortune 25 tenant at its Auburn 18 Business Park, a...
Seattle Ranks as Nation’s No. 3 AI Metro in Hubble Study as Tech Tenants Anchor Puget Sound Office Recovery
Hubble’s new ranking of the most AI-ready U.S. metros names Seattle the country’s third-strongest AI hub and the highest-scoring market outside the Bay...
Bellevue Drafts Plans to Convert Eastgate and Factoria’s Aging Office and Retail Cores into Walkable Mixed-Use Districts
Bellevue has published draft neighborhood area plans for Eastgate and Factoria that would steer two of the Eastside’s most car-dependent commercial submarkets toward...
Databricks Signs 160,000 SQFT Lease at Four106 in Downtown Bellevue
Databricks’ 160,000-square-foot commitment at Four106 joins Uber and Anthropic at the tower as the $134 billion AI company builds a Puget Sound footprint...
Grocery Outlet- and Ross-Anchored Mount Vernon Center Hits Market at $15.55MM in Mount Vernon
A 100,155-square-foot neighborhood retail center in Mount Vernon, anchored by Grocery Outlet and Ross Dress for Less and 98 percent leased, has been...
Greater Puget Sound Industrial Market Logs Negative 1.7MM-SQFT Absorption as Vacancy Settles Near 10 Percent
The Greater Puget Sound industrial market spent the past 12 months hunting for equilibrium, recording negative 1.7 million square feet of net absorption...
Perkins & Co Signs 11-Year Lease at First & Main in Portland, Downsizing to 30,000 SQFT
After nearly 20 years at PacWest Center, the firm is taking less space in a better building — a move that reflects both...
Saxum Lands 50-Year Port of Tacoma Ground Lease for $250MM, 574,000-SQFT Cold Storage Complex
The Port of Tacoma has cleared the way for one of the Tideflats’ largest industrial bets in years, approving a half-century ground lease...
Seattle’s Nitze-Stagen Abandons New Office Bets, Doubles Down on Multifamily as Downtown Vacancy Hits 35.1%
Nitze-Stagen & Co., the contrarian Seattle developer that built its name buying office property no one else wanted, has stopped chasing new office...
Downtown Seattle Association Report Blames JumpStart Payroll Tax for Downtown’s Decline as Backers Defend $388MM Revenue Engine
A new Downtown Seattle Association report argues that Seattle’s five-year-old JumpStart payroll tax has helped push jobs, employers and office value across Lake...
KG Investment Properties Completes 705,680 SQFT Building B at Sumner’s Pacific NW Logistics Center
KG Investment Properties has completed the larger of two speculative warehouses at its 82-acre Pacific NW Logistics Center in Sumner, handing Colliers more...
