Small-Bay Industrial Holds 6.2% Vacancy and Top Rents as Puget Sound Big Boxes Sit 17% to 20% Empty

CBRE's third-quarter 2026 numbers show Puget Sound industrial running at two speeds, with sub-50,000-square-foot buildings tight and commanding the region's highest rents while users hunting for 250,000 to 750,000 square feet face vacancy of 17 to 20 percent and the widest choice of buildings in the market.