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Puget Sound Industrial Market Faces Rising Vacancies Amid Rightsizing Trends

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The Puget Sound industrial real estate market closed 2024 with a mixed performance, contending with rising vacancy rates and continued adjustments from tenants. According to the Q4 2024 report by CBRE, the region experienced an 8.8 percent vacancy rate in the fourth quarter, paired with 1.4 million square feet of negative net absorption. This marks […]

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