Seattle Retail Market Holds Steady in Q1 2026 as Vacancy Creeps Higher and Tenants Grow More Selective

Stable rents and disciplined construction are keeping Puget Sound retail fundamentals intact, but negative net absorption and cautious leasing point to a market in transition. The Seattle-area retail market entered 2026 on relatively firm footing, though early signs of softening demand and rising vacancy suggest the sector is navigating a more measured leasing environment. Asking […]