Leasing
Seattles Suburban Office-Leasing Market Contracts Slightly in Q2
The quarterly results, however, are skewed by one project as the longer-term prospects remain robust
The Seattle suburban office market recorded an uptick in the overall vacancy rate as well as rent in the second quarter, driven primarily by the completion of the Southport office campus in Renton, which came online fully vacant and with high rent, according to the latest market assessment by Cushman & Wakefield. Overall in the…
Seattle Tops the Charts in Q2 Among the Nations Leading Office Markets
The city led the way in space absorbed, driven by robust tech-firm leasing activity
Seattle turned in the best performance this past second quarter among the top 10 office markets in the nation, with the biggest drop in vacancy and the largest volume of space absorbed, driven mainly by major tech-company leases, a report by Colliers International shows. The citys office vacancy rate dropped by 1 percentage point, to…
Bellevue Area Dominates Downtown Seattle in Big Leasing Deals
The submarket accounted for 74 percent of the space leased in large deals in first-quarter 2019
Overall office leasing activity in the region is dominated by downtown Seattle, as might be expected, with the citys central business district accounting for nearly 54 percent of total leased square footage in the first quarter of the year. But, in a sign of shifting real estate trends, nearly three-quarters of the square footage involved…