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Puget Sound Office Market Notches First Positive Absorption in Four Years, Even as Layoffs Mount

May 29, 20263 Mins read802
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Courtesy of Abbe Sublett
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Vacancy and availability declined simultaneously for the first time in the recovery cycle, but surging tech-sector cuts and a weakening labor market threaten to test the market's newfound momentum The Puget Sound office market recorded its first quarter of positive net absorption since early 2022 in the first quarter of 2026, a long-awaited inflection point […]

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