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Puget Sound Industrial Vacancy Climbs to 9.71% as Market Enters Period of Controlled Digestion

The RegistryApril 27, 20263 Mins read760

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Cap rates rise, sales volumes contract, and tenants secure flexible deal structures as 7.39MM SQFT of new supply works through the system. The Pacific Northwest's industrial market opened 2026 deeper into recalibration than at any point in the current cycle. Twelve-month net absorption across the Puget Sound MSA fell to negative 1.69 million square feet […]

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