Eastside and Northend Industrial Absorption Swings 780,000 SQFT to Positive as Vacancy Falls to 7.5%

While the rest of the Puget Sound industrial market loses tenants, the Eastside and Northend posted one of their strongest years in recent memory, with vacancy compressing to 7.5 percent, year-to-date absorption swinging from a 612,000-square-foot loss to a 168,000-square-foot gain and leasing already ahead of all of 2025.