Seattle Retail Market Sees Vacancy Rise to 3.8% as Leasing Activity Falls to Five-Year Low

Q3 report shows 246,000 SQFT of negative absorption and 41 percent drop in sales volume as developers turn cautious The Puget Sound's retail sector is adjusting to a period of recalibration as national chains retreat and consumer behavior shifts. Seattle's retail vacancy rate reached 3.8 percent in the third quarter of 2025, edging slightly above […]