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AI Demand Steadies Puget Sound Office Market as Vacancy Settles at 23.3%

Kidder Mathews' third-quarter 2026 report shows the Puget Sound office market logging 113,000 square feet of positive net absorption on the strength of...

Seattle, City view of Seattle, top view of downtown Seattle skyline in Seattle Washington, USA
CommercialIndustry NewsLeasing

K&L Gates Renews 99,000 SQFT at Seattle’s Fourth & Madison as Downtown Renewals Quadruple

K&L Gates, the firm behind Seattle's oldest law office, renewed 98,544 square feet at the 40-story Fourth & Madison tower in the third...

Seattle skyline from the waterfront
CommercialFeaturedIndustry NewsLeasing

Downtown Seattle Office Absorbs 300,000 SQFT, Its First Positive Quarter Since 2021

Downtown Seattle's office market absorbed 300,000 square feet in the third quarter of 2026, its first positive quarter in five years, as law...

Seattle skyline
CommercialIndustry NewsLeasing

QXQ Leases 22,000 SQFT at BXP’s Madison Centre in Downtown Seattle

Architecture, engineering and construction tenant QXQ has signed for 21,829 square feet of new space at Madison Centre, adding another name to the...

office building facade
CommercialFeaturedIndustry NewsLeasing

Puget Sound Office Leasing Cools to 1.3MM SQFT as Availability Eases to 26.1%

Seattle/Puget Sound office leasing slowed to 1.3 million square feet in the third quarter after two blockbuster quarters, but availability, sublease supply and...

Seattle skyline with Elliott Bay
CommercialIndustry NewsLeasing

Perform Properties Keeps Clearstead at 999 Third With 14,000 SQFT Upgrade Ahead of Docusign’s 227,000 SQFT Exit

With Docusign preparing to vacate roughly 227,000 square feet at 999 Third Avenue next year, Blackstone-owned Perform Properties has kept a 14-year tenant...

South Lake Union Seattle
CommercialIndustry NewsLeasing

AI Inference Startup ElastixAI Expands to 25,000 SQFT at Seattle’s West Lake Union Center

ElastixAI, the Seattle chip-and-software startup founded by former Apple and Xnor engineers to cut the cost of running AI models, has taken 24,827...

Seattle skyline from Lake Union
CommercialFinanceIndustry News

BentallGreenOak Affiliate Sells 214,000 SQFT Plaza 600 Tower for $12.5MM in Seattle

An Emeryville, California entity picks up the 57-year-old office tower for a basis low enough to compete on rent in a downtown submarket...

Seattle skyline from the waterfront
AECCommercialIndustry NewsLeasing

Wilson Sonsini Plans $5.8MM Build-Out at U.S. Bank Center in Seattle

A city permit shows Wilson Sonsini's $5.8MM build-out on two floors of Seattle's nearly half-vacant U.S. Bank Center.

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CommercialIndustry NewsLeasing

Helion Energy Leases 15,000 SQFT at Seattle’s 8th & Olive as Headcount Hits 800

A fusion energy startup that has grown tenfold in four years is planting its first flag in downtown Seattle, adding office space in...

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CommercialIndustry NewsLeasing

Amazon Vacates 81,000 SQFT at South Lake Union Office as Downtown Seattle Vacancy Hits 35.8%

Amazon has emptied out of a six-story South Lake Union office building it has occupied since 2016, one of two large corporate move-outs...

Seattle skyline from the waterfront
CommercialFeaturedIndustry NewsLeasing

Seattle Sits Out the National Office Occupancy Index Even as Puget Sound Landlords Chase the Same Answer

The most widely cited measure of the American return to office does not track Seattle, leaving Puget Sound owners and lenders to benchmark...

2026 Pacific Northwest CRE Rising Stars

PNW CRE Rising Stars

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