Puget Sound
Providence Signs 260,000 SQFT Lease at Longacres Campus in Renton, Marking Q1 2026’s Largest Puget Sound Office Deal
The healthcare system’s new lease at the Class A medical office campus on the former Boeing property anchors the Southend submarket’s positive absorption...
Puget Sound Industrial Market Faces Mounting Headwinds as Vacancy Climbs to 9.3% in Q1 2026
Trade disruptions, declining port volumes, and cautious occupier demand are weighing on the region’s industrial fundamentals, though pockets of strength in Pierce County...
Puget Sound Developers Advance Office Projects Through Permitting and Demolition as Construction Pipeline Sits Empty for First Time in Over a Decade
With zero square feet under construction and no deliveries in Q1 2026, early-stage development signals suggest the region’s next building cycle is being...
Church of Jesus Christ of Latter-day Saints Sells 3.88-Acre Bellevue Site Slated for 15-Lot Travara Subdivision for $16.5MM
A 3.88-acre parcel on Northup Way will be cleared to make way for single-family housing under a planned unit development filed with the...
High Street Residential Sells 139-Unit Mid-Rise Multifamily Community in Seattle for $59.25MM
The sale is the highest price per square foot for a market-rate mid-rise multifamily property outside of Lake Union since 2022 Seattle –...
Seattle Retail Market Holds Steady in Q1 2026 as Vacancy Creeps Higher and Tenants Grow More Selective
Stable rents and disciplined construction are keeping Puget Sound retail fundamentals intact, but negative net absorption and cautious leasing point to a market...
Skanska Lands $99MM Contract to Build Issaquah School District’s 85,000 SQFT Fourth High School Campus
After a decade of planning, funding setbacks and legal challenges, construction begins this month on an 85,000 SQFT campus projected to cost $168...
InSite Property Group Acquires 114,000 SQFT StorQuest Self Storage in Seattle for $16.3MM
The acquisition marks InSite’s third self-storage purchase in the South King County submarket in recent months as the firm continues to consolidate its...
Welltower Sells 124-Bed Birch Creek Post Acute & Rehabilitation in Tacoma for $11.9MM
The disposition of the 43,248-square-foot skilled nursing facility in Pierce County aligns with Welltower’s broader strategy to shed post-acute assets and redeploy capital...
Bellevue Approves Beam Reach’s 640,000 SQFT Kanon Office Project in Downtown Core
Two 15-story towers planned across a shared podium will add office, retail, and restaurant space in a phased development Downtown Bellevue continues to...
AMLI Plans 296-Unit Apartment Project with Retail at Spring District Block 15 in Bellevue
The eight-story development would add housing and ground-floor commercial space in Bellevue’s BelRed corridor as public review begins Bellevue’s ongoing shift toward higher-density...
Puget Sound Office Leasing Accelerates to 2.1MM SQFT in Q1 2026 as Availability Falls to Lowest Level Since Late 2024
Savills report finds technology and AI tenants driving demand across core submarkets, with Microsoft, OpenAI, and Puget Sound Energy among the quarter’s largest...
