South Sound
Cardinal Equities Sells Entitled 140-Unit Bremerton Development Site Slated for Affordable Housing
A downtown Bremerton transit-oriented parcel, listed at $3.5 million, trades to a buyer planning to advance affordable housing minutes from the Puget Sound...
Tacoma Council Sets May 19 Hearing on 2026 Zoning Overhaul as Home in Tacoma Pipeline Swells 62 Percent
City pushes deeper into middle-housing reform with amendments expanding special-needs housing zones, easing childcare rules, and queuing up annexation along McKinley Avenue East....
Pacific Forest Products Lands 85,000 SQFT Lease at Fortress-Owned 2005 Fryar Avenue in Sumner
The South Valley deal lands as Pierce County industrial vacancy climbs to 12.2 percent and landlords compete harder for occupancy. A wholesale forest...
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...
