Category Archives: Market Reports

Quarterly updates on the status of Seattle’s office space market.

Q1 Seattle Office Market

General Conclusion: Seattle’s office market stayed flat in the beginning of 2017 with vacancy rates increasing slightly to 7.3% in Q1 2017 up from 7.1% in Q4 2016. Year to date Net Absorption for the Downtown Seattle Office Market was negative … Continue reading

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Q3 2016 Seattle Office Market

General Conclusion: Seattle’s office market continues to strengthen into the later part of the year with vacancy decreasing to 6.6% in Q3 2016 down from 7.3% in Q2. Year to date net absorption for the Downtown Seattle Office Market stands at … Continue reading

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Q2 2016 Seattle Office Market

General Conclusion: Seattle’s office market continued rapid growth into the middle of the year with vacancy decreasing to 7.3% in Q2 2016 down from 7.9% in Q1. Year to date positive absorption for the Downtown Seattle office market is 1,351,735 square … Continue reading

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Q1 2016 Seattle Office Market

General Conclusion: Seattle’s office market continued rapid growth at the start of the year with vacancy decreasing to 7.9% in Q1 2016 down from 8.3% in Q4 2015. Positive absorption for Seattle was 554,060 square feet in the first quarter.  Due … Continue reading

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2015 Year End Seattle Office Market Report – Tenant Perspective

General Conclusion: Seattle’s office market finished 2015 strong with vacancy decreasing to 8.3% in Q4 2015 down from 8.8% in Q3. The year closed with 3,535,636 square feet of positive absorption, a staggering increase from the 1,392,917 square feet of positive absorption … Continue reading

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Q3 2015 Seattle Office Market – Tenant Perspective

General Conclusion: Seattle’s office market continued the hot streak in Q3 of 2015 with vacancy decreasing to 8.8% down from 8.9% in Q2. Total positive absorption for the year is 2,139,397 square feet in the Seattle market.  It will remain a … Continue reading

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Q2 2015 Seattle Office Market – Tenant Perspective

General Conclusion: Seattle’s office market continued to strengthen in Q2 of 2015 with vacancy decreasing to 9.6% down from 10.2% one year prior. Year to date there has been  339,629 square feet of positive absorption.  Demand for Seattle commercial real estate investment … Continue reading

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