Lee & Associates
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....
Bellevue Investor Relists 51-Unit Viewland Apartments in Seattle’s Greenwood for $20MM Months After Acquisition
The ownership group is testing the market with a quick re-trade of the newly built North Seattle asset, anchored by a rare assumable...
Pacific Development Partners Lists 57-Unit Union 18 in Seattle’s Capitol Hill
Santa Monica investor markets two-building, 45,822-SQFT property at 1140 18th Ave with appraised value of $12.7MM, roughly 39 percent below its $20.8MM acquisition...
161-Unit Belltown and Queen Anne Multifamily Portfolio in Seattle Hits the Market for Sale
The Sidney and Queen Anne Flats hit the market as investor appetite returns to Seattle’s urban core, with the combined offering carrying an...
Seattle’s Expense Discipline Pays Off: Essex Cuts Operating Costs 3.4% and Drives 4.9% NOI Growth
The Pacific Northwest delivered Essex Property Trust’s largest expense reduction of any region in Q1 2026, leveraging modest 2.3 percent revenue growth into...
Puget Sound Industrial Vacancy Climbs to 9.71% as Market Enters Period of Controlled Digestion
Cap rates rise, sales volumes contract, and tenants secure flexible deal structures as 7.39MM SQFT of new supply works through the system. The...
Pacific Northwest Industrial Pipeline Contracts to 4.79MM SQFT as Developers Pull Back
Construction starts have slowed sharply across the I-5 Corridor, but a heavy slate of Q2 and Q3 2026 deliveries will keep pressure on...
