Savills
Greater Puget Sound Industrial Market Logs Negative 1.7MM-SQFT Absorption as Vacancy Settles Near 10 Percent
The Greater Puget Sound industrial market spent the past 12 months hunting for equilibrium, recording negative 1.7 million square feet of net absorption...
Realty Income Buys 453,000 SQFT, Three-Parcel Warehouse Portfolio in Kent for $98MM
The net-lease REIT doubles down on the Puget Sound’s core distribution hub even as regional industrial vacancy climbs to a multi-year high. A...
King County Buys 35,800 SQFT Martingale/Neptune Flex Building and Land in Woodinville for $8.9MM
The public acquisition pulls a 35,805-SQFT high-tech office and warehouse property, plus undeveloped land, off a Puget Sound industrial market still working through...
Amazon Lands as Tenant Behind 1.2MM SQFT Project Cascade Warehouse in Arlington
The e-commerce giant is set to occupy a Panattoni-developed operations facility straddling the Arlington-Marysville line, even as residents press officials over water and...
Vale Matcha & Coffee Leases 36,000 SQFT of Production Space Steps From Seattle’s New Judkins Park Light Rail Station
Building owner Jeff Schoenfeld backfilled the Central District space inside of a week after Atomo Coffee announced its consolidation to California, in a...
Seattle Investor Acquires 20,000 SQFT Georgetown Industrial Site for $7.5MM from FSA Real Estate in Seattle
The transaction prices the longtime Washington Lift Truck service yard at $375 per square foot of land, a premium that underscores investor appetite...
Maersk to Shutter 205,000 SQFT Lakewood Warehouse as Puget Sound Industrial Vacancy Hits Record High
The Danish shipping giant will lay off 44 workers on June 30, joining a wave of logistics retrenchment across a Pacific Northwest market...
Alexandria’s 701 Dexter Crosses Toward Stabilization As Seattle Lab Demand Reawakens
Lake Union flagship anchors Alexandria’s bet on the region’s institutional research base while peripheral inventory languishes. Seattle’s life science real estate market is...
Hudson Pacific’s Seattle Portfolio Bets on Quality as Puget Sound Logs First Positive Absorption in Three Years
The REIT owns nine Seattle buildings anchored by a 667,724-SQFT Amazon lease, but half the Pioneer Square portfolio sits below 40 percent occupied...
U.S. Life Sciences Vacancy Tops 70% of New Deliveries as 60MM SQFT Pipeline Reshapes Market
Savills says supply surge from pandemic-era development boom is outpacing demand, leaving major lab projects unleased across key hubs A development cycle that...
Uber More Than Doubles Puget Sound Presence with 170,000 SQFT Lease at Four106 in Bellevue
Ride-hailing giant commits to one of the largest office deals in downtown Bellevue in recent years, bringing its total regional footprint to more...
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...
