Savills
Metropolitan Hardwoods Renews 107,000 SQFT in Kent as the Valley Absorbs the Market’s Steepest Occupancy Losses
Metropolitan Hardwoods has renewed 107,000 square feet at its longtime Kent Valley home, keeping the building-products distributor anchored in a submarket that shed...
Capital Lumber Signs 126,000 SQFT New Industrial Lease in Puyallup/Sumner
Capital Lumber, one of the West’s largest wholesale distributors of building materials, has committed to 125,837 square feet of industrial space in Puyallup/Sumner,...
Puget Sound’s Industrial Construction Pipeline Craters 93% Even as Spec Deliveries Flood a 12.6% Vacancy Market
A cluster of large speculative projects delivered or broke ground across the Puget Sound in the second quarter even as developers slammed the...
Odom Corporation Pre-Leases 250,000 SQFT at Tarragon’s SeaPORT Logistics Center in Sumner, Consolidating Two Northwest Facilities
The Odom Corporation, the Bellevue-based beverage distributor, has pre-leased 250,000 square feet at Tarragon’s SeaPORT Logistics Center in Sumner, anchoring a newly delivered...
Ferguson’s 26-Member Economic Council Carries a Permitting Mandate as Downtown Seattle Vacancy Hits 36.5%
Gov. Bob Ferguson’s newly created Governor’s Economic Development Council arrives with an explicit charge to dismantle regulatory barriers to growth, seating six members...
Dell Technologies Renews 46,472 SQFT at Seattle’s 505 First Avenue South, Two Years After Shedding Space
Dell Technologies has renewed its 46,472-square-foot lease at 505 First Avenue South in Seattle’s Pioneer Square/SoDo submarket, a decision that reverses the direction...
Seattle Office Availability Eases to 32.1% in Q2 2026 as Big Tech and AI Leases Anchor Downtown
Seattle’s battered office market posted its first meaningful improvement in availability in several quarters, as a burst of large technology and professional-services leases...
Puget Sound Office Leasing Reaches 4.6MM SQFT in First Half, Strongest Since 2019 as Availability Slides to 26.5%
The Seattle/Puget Sound office market posted 2.4 million square feet of leasing in the second quarter of 2026 and 4.6 million square feet...
Seattle Life Sciences Vacancy Spikes to 19% as Alexandria Converts Lab Site to Apartments and Astellas Exits Stem Cell Operation
Seattle’s life sciences vacancy rate surged 540 basis points year over year to 19 percent in the second quarter as new lab space...
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...
