Redmond Office Vacancy Plunges From 20.8% to 6.4% in Q1 2026 in Sharpest Single-Quarter Drop Across Puget Sound

The dramatic 1,440-basis-point contraction reflects renewed commitment from major technology tenants along the Willows Road corridor and positions Redmond as one of the tightest office submarkets in the region. Redmond's office vacancy rate plummeted from 20.8 percent to 6.4 percent during the first quarter of 2026, a decline of approximately 1,440 basis points that represents […]