Savills
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...
Puget Sound Energy Renews 239,000 SQFT Office Lease at Bellevue CBD Headquarters
Washington state’s oldest energy utility reaffirms its commitment to the Eastside’s premier office submarket with one of the quarter’s largest transactions. Puget Sound...
Expeditors International Renews 37,000 SQFT Office Sublease in Lake Forest Park
The Fortune 500 global logistics company maintains its presence at 19020 33rd Avenue W as sublease availability declines across the region. Expeditors International...
Community Health Plan of Washington Relocates to 33,000 SQFT Office at 1700 7th Avenue in Downtown Seattle
Washington state’s first nonprofit managed care plan moves to new downtown space as healthcare occupiers contribute to leasing diversification in Seattle CBD. Community...
Morrison Foerster Leases 37,000 SQFT at Seattle’s Fourth & Madison Tower for First Pacific Northwest Office
The global law firm’s entry into Seattle, fueled by a 15-partner team from Perkins Coie, adds to growing legal sector demand in the...
Clarion Partners Sells 72,000 SQFT West Valley Distribution Center in Kent for $16.5MM
Los Angeles-based investment manager exits fully leased industrial asset at approximately $229 per square foot, realizing a 39 percent gain over its 2018...
Savills Closes $1.1 Billion Acquisition of Eastdil Secured, Reshaping Global CRE Capital Markets
The London-based advisory firm adds one of America’s most storied real estate investment banks to its platform, giving Guggenheim and Temasek a nearly...
Steel Peak Properties and Tarsadia Investments Target $500MM IOS Portfolio Across Western U.S.
The Encinitas-based firm, founded just two years ago by former brokers, has already acquired 11 properties and is now scaling rapidly with institutional...
Sound Commercial Investment Holdings Acquires PNRI’s 45,000-SQFT First Hill Lab Facility at 720 Broadway in Seattle for $6.5MM
Nonprofit biomedical research institute sells longtime headquarters at a steep discount to assessed value, plans to lease back the building to preserve research...
Seattle-Tacoma Port Volume Falls to Decade Low as Tariff Volatility Reshapes Pacific Northwest Trade
The Northwest Seaport Alliance recorded its second-lowest container total in ten years in 2025, while its industrial market is giving tenants more room...
Stonewood Design Affiliate, Image Church Acquires 59,830 SQFT Wright Building in Bothell for $10.2MM
The high-flex property traded at roughly $170 per square foot, below its $10.77 million listing price, as the Puget Sound industrial market contends...
Supreme Court Tariff Ruling Injects Optimism Into South Sound Industrial Market as Vacancy Climbs to 9.8%
Lee & Associates brokers report rising tenant activity in early 2026 amid a structural shift toward Class B product and shorter lease terms...
