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Seattle Office Market Vacancy Climbs to 22.7% as Challenges Persist

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Seattle skyline from Lake Union
Photo by Berks Chiu on Unsplash
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Leasing activity rises but negative absorption of 2.23 million SQFT year-to-date continues upward pressure on vacancies The Seattle office market is sending conflicting signals as it continues to find its footing three years into what many hoped would be a post-pandemic recovery. While tenant activity has picked up and sublease space has declined substantially, fundamental […]

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