Lee & Associates
Amazon Clears 3.3MM SQFT From South Sound as Vacancy Climbs Toward 10%
One tenant is propping up first-half absorption while the rest of the Puget Sound industrial market waits out a costly, oversupplied cycle. Amazon...
Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge
OpenAI, Uber, Meta and General Motors anchored a quarter of large deals across Seattle and Bellevue as conversions thin the obsolete stock Leasing...
64-Unit Silverwood Park in Des Moines Trades for $10MM, Headed for Affordable Housing
A transit-adjacent apartment community near the Kent Des Moines light rail station has changed hands in a deal structured to preserve it as...
CMS Leases 84,800 SQFT Warehouse at Tarragon-Owned Sumner Building
A transportation and warehousing firm has committed to one of the larger blocks of industrial space leased across Puget Sound in the first...
Nordstrom Rack Lands 25,000 SQFT Kennewick Store at Tri-Cities Center
The off-price retailer joins Burlington at the BPG Investments-owned plaza, anchoring a soft-goods repositioning in the Tri-Cities. Nordstrom Rack has leased 25,000 square...
Pacific Northwest Multifamily Absorption Sinks to Multi-Year Low as Investors Hunt for 2019-Era Pricing
Lee & Associates Q1 2026 report shows transaction volume rebounding even as demand cools, with a thin construction pipeline setting the stage for...
Crunch Fitness Clinches 42,000 SQFT Tacoma Lease at Tahoma Vista
The fitness chain backfills a vacated big-box space at the Rhino Investments-owned center, extending its expansion across Washington. Crunch Fitness has secured a...
Puget Sound Industrial Market Deepens Its Recalibration as Vacancy Pushes Toward 10%
Negative absorption widened and construction slowed sharply in the first quarter, handing tenants the upper hand across one of the West Coast’s largest...
Washington Retail Cap Rates Climb for Fifth Time in Six Quarters as Vacancy Holds Above 4%
Lee & Associates Q1 2026 data shows a Pacific Northwest retail market under pressure, with sale pricing down and landlords beginning to soften...
Henbart Lists 44-Unit 101 Broadway in Seattle’s Capitol Hill, Pitching Assumable Debt Across From Light Rail
The 2017-built podium asset designed by Studio Meng Strazzara enters a Seattle multifamily market that brokers say has shifted from correction to recovery....
32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM
The 2021-vintage, 97-percent occupied building is asking $390,625 per unit at a trailing 5.32 percent cap rate, pricing above current Seattle MSA averages....
57-Unit Capitol Hill Studio Building Vitality on Howell Lists at $9.5MM, Priced 15% Below Appraisal
Greenbuild Development affiliate puts 57-unit 2016-vintage asset on the market at $166,667 per unit as Capitol Hill supply pipeline shrinks to 139 units....
