Northwest Seaport Alliance
Mercer Distribution Services Renews 100,000 SQFT in Fife, Where Sublease Space Has Hit 6% and Keeps Climbing
Mercer Distribution Services, operator of what it bills as the Pacific Northwest’s largest Class 3 customs bonded warehouse and a centralized exam station...
Tacoma Lands $7.6MM Federal BUILD Grant to Advance $263MM Fishing Wars Memorial Bridge Replacement
The City of Tacoma has secured a $7.6 million federal BUILD grant to fund environmental analysis and final design of a new Fishing...
BSI Brief Warns Puget Sound’s Tightening EHS and Climate Rules Are Redrawing the Cost of Operating Across Four Key Sectors
A new BSI executive brief argues that the greater Seattle region’s overlapping environmental, workforce and climate regulations have raised the operational bar for...
Saxum Lands 50-Year Port of Tacoma Ground Lease for $250MM, 574,000-SQFT Cold Storage Complex
The Port of Tacoma has cleared the way for one of the Tideflats’ largest industrial bets in years, approving a half-century ground lease...
Seattle-Tacoma Industrial Vacancy Heads to Record 10.4% as Import Slowdown Tests the Gateway
A fading construction pipeline offers little near-term relief as softer port traffic and tenant consolidations push the region into the bottom tier of...
Tacoma’s Missing Middle Bet Pays Off: Permits Jump 39%, Units Surge 62% in First Year of Rezone
Home In Tacoma is producing density gains even as building permits across the broader Seattle-Tacoma-Bellevue region fall 17.3 percent year-over-year — a divergence...
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 Forest Products Lands 85,000 SQFT Lease at Fortress-Owned 2005 Fryar Avenue in Sumner
The South Valley deal lands as Pierce County industrial vacancy climbs to 12.2 percent and landlords compete harder for occupancy. A wholesale forest...
Amazon Spends $220MM on Ashley Furniture’s 1.1MM SQFT Distribution Complex and Parcels in Spanaway
The e-commerce giant’s purchase of the purpose-built logistics campus ranks among Pierce County’s largest commercial real estate transactions and signals renewed appetite for...
Prologis Names Seattle Among Two Softest U.S. Industrial Markets as Puget Sound Vacancy Climbs to 9.7%
The logistics giant says elevated vacancy, muted demand and a supply overhang have pushed Seattle’s recovery timeline further out than the national average....
Ares Management Sells 91,400 SQFT Renton Warehouse to WareSpace for $19MM
The Kent Valley asset traded at roughly $208 per square foot as Puget Sound industrial vacancy climbed to 9.3 percent in the first...
TA Realty Acquires 128,700 SQFT Kent Warehouse for $23.3MM
Boston-based investment manager expands Puget Sound industrial footprint with purchase of long-held WCP Solutions distribution facility at $181 per square foot Boston-based real...
