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Home Commercial Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge
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Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge

May 21, 20263 Mins read1.4k
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Amazon, Puget Sound, Seattle, Bellevue, South Lake Union, Los Angeles, Long Beach, Santa Ana, San Diego, Carlsbad, San Marcos, Bay Area, San Francisco, Oakland, Fremont, San Jose, Sunnyvale, Santa Clara
Courtesy of Abbe Sublett
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OpenAI, Uber, Meta and General Motors anchored a quarter of large deals across Seattle and Bellevue as conversions thin the obsolete stock Leasing momentum returned to the Pacific Northwest office market in the first quarter of 2026, with technology tenants stacking large commitments in Bellevue and Seattle even as the region absorbed another year of […]

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