Tumwater
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
Costco Files Plans for 166,000 SQFT Warehouse and 20-Pump Gas Station in Tumwater
Costco Wholesale has filed a formal application with the city of Tumwater to build a 166,157-square-foot membership warehouse alongside a 20-dispenser fuel station...
Thurston County Opens 56,000 SQFT Sheriff’s Headquarters in Former State Parks Building After $14.25MM Tumwater Buy
A former state agency headquarters near Interstate 5 has become the long-sought single home for Thurston County's law enforcement operations, financed entirely outside...
Tumwater Advances $18MM Southeast Water Reservoir to Unlock Residential Growth in Thurston County
The city of Tumwater has pushed its long-planned Southeast Water Reservoir to the 90 percent design mark, a 3-million-gallon tank and multi-mile water...
64,000 SQFT Mottman Industrial Park Property Trades for $18.7MM in Tumwater
A repositioned 64,260-square-foot storage building at Tumwater’s Mottman Industrial Park has changed hands for $18.7 million, the largest of four Thurston County industrial...
Amazon Clears 3.3MM SQFT From South Sound as Vacancy Climbs Toward 10%
One tenant is propping up first-half absorption while the rest of the Puget Sound industrial market waits out a costly, oversupplied cycle. Amazon...
Washington Construction Payrolls Stall as Seattle-Tacoma-Bellevue Sheds 2,200 Jobs
Statewide employment held flat at 214,600 in March even as the Puget Sound’s largest metro continued a year-long contraction, deepening regional concerns about...
Washington Begins $16.5MM Teardown of 284,000 SQFT Capitol Office Building, Opening Prime Olympia Redevelopment Site
The General Administration Building’s demolition clears one of the most strategically positioned parcels on the Capitol Campus, with state archivists already lobbying for...
193-Unit College Pointe Apartments in Lacey Hits Market for First Time in 36 Years
Marcus & Millichap markets the original-ownership multifamily complex in one of Washington State’s tightest rental markets, where Thurston County vacancy has hovered near...
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...
Yorkshire Apartments in Tumwater Secures $63MM Construction Debt Package for Mixed-Use Revised Plans
The Yorkshire Apartments project in Tumwater, Washington has secured a significant financing package totaling $63 million to move forward with development. This major...
Washington’s Powerhouses: Seattle and Olympia-Tumwater Shine in Milken Institute’s 2024 Rankings
In the Milken Institute’s 2024 Best Performing Cities index, Seattle and Olympia-Tumwater metro areas spotlight Washington State’s dynamic economic landscape, showcasing recovery, resilience,...
