Seattle’s Office Crisis Deepens with 30% Vacancy Rate and Stalled Development

Seattle’s office market continued its correction in mid-2025, with mounting vacancy, subdued leasing activity, and strategic tenant relocations reflecting a sector still working through a prolonged imbalance between supply and demand. According to a recent leasing report from Flinn Ferguson Cresa, the vacancy rate is approaching 30 percent citywide—an unprecedented peak following five consecutive years […]