Seattle’s Office Sector: Q4 2023 Market Dynamics and Trends

At year-end 2023, the regional office market continues to struggle with negative net absorption, rising vacancy and meager investment activity. For the eighth quarter in a row, office vacancy has increased going from 12.98% last quarter to 13.97% currently, a 99 bp surge. The regional market has seen vacancy increases in 14 of the last […]