Puget Sound Office Market Struggles: Key Insights from the 2nd Quarter 2024

Seattle’s office market continues to grapple with significant challenges, marked by weak tenant demand, rising sublease space, and record-high vacancy rates, according to a recent Q2 2024 industry market report by brokerage firm Kidder Mathews. The Puget Sound region as a whole is experiencing a suppressed office market, with fundamentals underperforming. The market-wide vacancy rate […]