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FeaturedFinanceIndustrialIndustry NewsLeasing

South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy

Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...

Sparks from metal work
AECFeaturedIndustrialIndustry NewsLeasing

Mortenson Advances 300,000 SQFT Kent Manufacturing Campus Backed by 20-Megawatt Power Capacity

A 9.3-acre infill site in the Kent Valley is drawing sustained interest from aerospace and defense manufacturers even as the broader Puget Sound...

aga-adamek-9OfBsfty2x4-unsplash-self storage
FinanceIndustrialIndustry News

Steel Peak Pays $9MM for 23,500 SQFT Kent IOS Property in Fourth Seattle-Area Deal This Year

A two-year-old investment platform is quietly building density in one of the tightest corners of the Puget Sound industrial market, betting that scarce,...

warehouse facade
IndustrialIndustry NewsLeasing

Metropolitan Hardwoods Renews 107,000 SQFT in Kent as the Valley Absorbs the Market’s Steepest Occupancy Losses

Metropolitan Hardwoods has renewed 107,000 square feet at its longtime Kent Valley home, keeping the building-products distributor anchored in a submarket that shed...

Property graphic with money
CommercialFeaturedIndustrialIndustry NewsLeasing

Seattle CBD Land Values Fall 47%, Bellevue Rises 1.72% in King County Revalue

King County’s 2026 commercial revalue stripped $3.12 billion from the county’s assessed commercial base, and a single appraisal area covering downtown Seattle and...

max-van-den-oetelaar-RORkqnp4ye4-unsplash-apartments
FinanceIndustry NewsResidential

RISE Properties Trust Affiliate Sells 198-Unit Bower Village Apartments in Kent for $45MM

Kent Valley’s apartment market draws fresh capital even as Kidder Mathews reports softening fundamentals region-wide. A Nevada investment firm has picked up a...

warehouse facade
IndustrialIndustry NewsLeasing

United Natural Foods Fills 136,000 SQFT at Auburn’s Valley Centre After 19 Months on Market

United Natural Foods has leased 135,975 square feet at the Valley Centre Building in Auburn, one of only two Southend industrial leases to...

industrial site
IndustrialIndustry NewsLeasing

Hermanson Company Lands 106,000 SQFT New Lease in Kent, One of Only Two New Deals Among the Quarter’s Biggest

Hermanson Company, the Kent-based mechanical contractor that has built HVAC, piping and plumbing systems across the Pacific Northwest since 1979, has signed a...

Aerial view of Renton, WA
IndustrialIndustry NewsLeasing

Krafter’s Land Cabinetry Signs 101,000 SQFT New Lease on Renton’s Lind Avenue as the District Bucks the Kent Valley Slide

Krafter’s Land Cabinetry, the fast-growing Puget Sound cabinet and surfaces supplier that has opened showrooms in Tukwila, Lynnwood and Tacoma since incorporating in...

warehouse facade
IndustrialIndustry NewsLeasing

Future Foam Renews 105,000 SQFT in Kent, Anchoring a Manufacturing Segment With 2.4% Vacancy

Future Foam, the family-owned polyurethane manufacturer that has been pouring foam since 1958 and entered the Kent market through a 2020 acquisition, has...

Building with sawtooth roof line
IndustrialIndustry NewsLeasing

Tiger Mountain Services Renews 125,000 SQFT in Kent, Keeping Washington’s First Bonded Wine Warehouse in the Valley

Tiger Mountain Services, the Kent operator that opened Washington’s first bonded wine warehouse and now serves more than 500 wineries, has renewed 125,000...

Warehouse with trucks
IndustrialIndustry NewsLeasing

American Tire Distributors Renews 126,000 SQFT in Kent Valley, Its First Big Northwest Bet Since Exiting Bankruptcy

American Tire Distributors has renewed 126,000 square feet at 521 8th Street SW in the Kent Valley, the second-largest industrial lease in the...

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PNW CRE Rising Stars

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