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CommercialFeaturedIndustry NewsLeasing

Downtown Seattle Office Absorbs 300,000 SQFT, Its First Positive Quarter Since 2021

Downtown Seattle's office market absorbed 300,000 square feet in the third quarter of 2026, its first positive quarter in five years, as law...

Seattle skyline with Elliott Bay
CommercialIndustry NewsLeasing

Perform Properties Keeps Clearstead at 999 Third With 14,000 SQFT Upgrade Ahead of Docusign’s 227,000 SQFT Exit

With Docusign preparing to vacate roughly 227,000 square feet at 999 Third Avenue next year, Blackstone-owned Perform Properties has kept a 14-year tenant...

Seattle skyline at dusk
CommercialFinanceIndustry NewsLeasing

Laird Norton Trades Namesake Tower for 30,000 SQFT at Seattle’s 2+U Months After MetLife Foreclosure

Laird Norton Co. will vacate downtown Seattle's Norton Building by year-end for a full floor at the Hines-managed 2+U tower, capping a year...

Buildings
CommercialFeaturedFinanceIndustry NewsLeasing

Seattle Absent From Top 10 as $2.26T Exit Boom Rewards Bay Area, Dallas and Denver

A new Deloitte and PitchBook report tracking a record $2.26 trillion in U.S. expansion-stage company exits during the first half of 2026 shows...

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CommercialFinanceIndustry NewsLeasing

Hudson Pacific Extends $1.1B Hollywood Loan as Seattle Leasing Momentum Offsets Studio-Market Strain

Even as Hudson Pacific Properties rides a Seattle leasing surge that has downtown vacancy falling for the first time in six years, the...

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CommercialIndustry NewsLeasing

Amazon Vacates 81,000 SQFT at South Lake Union Office as Downtown Seattle Vacancy Hits 35.8%

Amazon has emptied out of a six-story South Lake Union office building it has occupied since 2016, one of two large corporate move-outs...

Seattle skyline from the waterfront
CommercialFeaturedIndustry NewsLeasing

Seattle Sits Out the National Office Occupancy Index Even as Puget Sound Landlords Chase the Same Answer

The most widely cited measure of the American return to office does not track Seattle, leaving Puget Sound owners and lenders to benchmark...

Seattle skyline from the waterfront
CommercialIndustry NewsLeasing

Hudson Pacific Rides Seattle Leasing Momentum as Downtown Vacancy Drops for First Time in Six Years

Hudson Pacific Properties said its Seattle portfolio now carries more deals in negotiation than any other market it owns, as fresh leases from...

Seattle skyline at dusk
CommercialIndustry NewsLeasing

Qumulo Renews 43,000 SQFT at Seattle’s 1501 Fourth Avenue as the CBD Turns Positive for the First Time Since 2020

Data storage company Qumulo has renewed 43,000 square feet at 1501 Fourth Avenue in downtown Seattle, one of eight key office lease transactions...

Sunny Cityscape- Downtown Seattle from Highway Interchange South
CommercialFeaturedIndustry NewsLeasing

Seattle Office Availability Eases to 32.1% in Q2 2026 as Big Tech and AI Leases Anchor Downtown

Seattle's battered office market posted its first meaningful improvement in availability in several quarters, as a burst of large technology and professional-services leases...

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CommercialFeaturedIndustry NewsLeasing

Puget Sound Office Leasing Reaches 4.6MM SQFT in First Half, Strongest Since 2019 as Availability Slides to 26.5%

The Seattle/Puget Sound office market posted 2.4 million square feet of leasing in the second quarter of 2026 and 4.6 million square feet...

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CommercialFeaturedIndustry NewsLeasing

OpenAI, Uber Anchor 3.4MM SQFT Leasing Surge as Puget Sound Office Market Turns Corner in 2026

A wave of long-term commitments from artificial intelligence, software and professional-services tenants pushed Puget Sound office leasing up 62 percent in the first...

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