Mercer Island
Eastside Office Vacancy Climbs to 22.4%, but 755,000 SQFT of Signed Bellevue Leases Wait in the Wings
Broderick Group's third-quarter data shows the Eastside shed 292,618 square feet of occupied office space and pushed vacancy to 22.4 percent, but a...
Eastside Office Asking Rents Jump 24% in Two Years Even as Vacancy Climbs to 22.4%
Average gross asking rents on the Eastside have climbed nearly 24 percent since the end of 2024 to $47.18 per square foot, even...
102-Space Franklin Pierce Estates Mobile Home Park Trades for $17MM in Tacoma
FP MH Owner LLC pays $17 million for the 102-space Franklin Pierce Estates mobile home park in Tacoma, more than double the national...
LDS Church Sells 2.47-Acre Mercer Island Site for $7.1MM Amid Puget Sound Consolidation
The Church of Jesus Christ of Latter-day Saints has offloaded a rare large parcel on one of the region's most land-constrained islands, continuing...
Lunara Opens Leasing With 146 Units Steps From Mercer Island’s New Light Rail Station
A 146-unit apartment building has opened for leasing in the heart of Mercer Island's Town Center, arriving just months after Sound Transit's long-delayed...
BentallGreenOak Buys 238-Unit Ballard Independent for $152MM in Seattle
BentallGreenOak's $638,655-per-unit purchase of the newly built property from Holland Partner Group and NASH follows a similarly priced Mercer Island trade a week...
Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island
Mesirow Financial's value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new...
Sterling Realty Lands $27MM Brookfield Refinancing on 105,000 SQFT Mercer Island Office Building
Sterling Realty Organization has refinanced its Class A office building on Mercer Island with a new Brookfield loan, resetting the debt on an...
Mercer Island Office Vacancy Plunges to 2.9% in Q2 2026, Tightest Market on the Eastside
Mercer Island, the smallest office submarket on the Eastside, tightened to a 2.9 percent vacancy rate in the second quarter of 2026, leaving...
Eastside Office Market Turns a Corner in Q2 2026 as Absorption Goes Positive, But 21% Vacancy Lingers
The Eastside office market recorded its first meaningful positive absorption in more than a year during the second quarter of 2026, absorbing nearly...
Trase Hunts for 100-Person Seattle-Area Office After $107MM Seed Round as AI Leasing Surges
Trase, a McLean, Virginia-based artificial intelligence startup with half its team already in the Puget Sound region, is searching for a Seattle-area office...
Seattle Light Rail Tops U.S. Ridership in April as East Link Opening Reshapes Eastside Development Map
Sound Transit's light rail network carried more riders in April than any other light rail system in the country, a record run that...
