Seattle Office Market Report

4th Quarter 2019

Posted In — Market Research | Market Report

The Puget Sound regional year-end office market results showed continued strengthening over the final quarter with vacancy dipping from 5.99% last quarter to 5.87% currently. With year-end net absorption of nearly 5.8M s.f., the tech titans again continued their appetite for close-in office space heading into the new year. Cranes remain active in both Seattle and Bellevue with developers positioning for new construction in both the Seattle and Bellevue CBDs, as downtown Class A space becomes increasingly scarce.

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