South Sound
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...
Seattle-Tacoma Industrial Landlords Pivot to Renewals as 80% of Q4 Deals Extend Existing Tenants
Renewal Activity Dominates Q4 2025 as Landlords Offer Extended Concessions and Development Pipeline Contracts Sharply The Pacific Northwest’s industrial real estate market closed...
I-5 Corridor Industrial Market Shows Signs of Stabilization Amid Construction Boom
From the Canadian border to Oregon, Washington’s critical logistics spine shows mixed signals as developers bet big on long-term demand The industrial real...
EQT Exeter Puts Amazon’s DWA7 Last-Mile Hub in Frederickson for Sale: 145,000 SQFT Distribution Facility on 38 Acres
Prime logistics facility in Frederickson offers investors rare chance to capitalize on e-commerce boom with long-term Amazon lease The Seattle industrial real estate...
Pierce County’s Multifamily Market Hits the Brakes as Developers Await Better Times
With only 2 percent of inventory under construction, Washington’s second-largest county sees development activity stalled in planning stages despite strong long-term demand signals...
Nearon Enterprises Buys 72-Unit Briggs Village in Olympia for $18.3MM
(Editor’s Note: According to industry reports, the sales price was $18.3 million, or approximately $254,166 per unit.) OLYMPIA, Wash., July 21, 2025 – Institutional...
Puget Sound Industrial Market Softens, but Leasing Momentum Remains in Select Submarkets
The Puget Sound industrial market entered a recalibration phase in Q2 2025, as rising vacancy and negative net absorption reflected shifting tenant demand...
28,500 SQFT Office Building in Downtown Tacoma Trades in Off-Market Deal for $2.7MM
June 25, 2025 (Tacoma, WA) – Lee & Associates is pleased to have brokered the off-market acquisition of 1142 Broadway located in Tacoma,...
Fox Island Buyer Acquires 42-Unit Arrowhead Park Multifamily Property in Lakewood for $7.27MM
Arrowhead Park, a 42-unit multifamily community located at 10724 109th St. SW in Lakewood, has been sold for $7.27 million, or roughly $173,000...
Rally Pickleball Club Converts Industrial Space to Recreational in Auburn with 43,959 SQFT Lease
Tacoma, Wash. (May 5, 2025) – Rally Pickleball Club, a new indoor pickleball facility, has signed a lease for 43,959 square feet of...
South Sound Industrial Market Navigates Rising Costs, Trade Shifts, and Evolving Tenant Demand
The South Sound industrial real estate market is entering a period of transition, shaped by evolving economic conditions, shifting tenant preferences, and the...
Incremental Gains in South Sound Industrial Market as Rents and Sale Prices Edge Upward
The South Sound industrial market, which encompasses South King, Pierce, Thurston, Lewis, and Cowlitz Counties, continues to demonstrate resilience and growth, according to...
