The Registry Ranks: Puget Sound Office for Contrarian Investors — Buy Kirkland, Fear the Discount

Regional office vacancy is 23.3%, only 138,667 SF is under construction, and downtown Seattle just traded at $57.56 a foot. We ranked ten submarkets for one specific buyer, a private-capital investor writing a $15–50 million check for a 60,000–150,000 SF multi-tenant building, and the cheapest market did not win.