Connect CRE | Mark Nieto
Kidder Mathews has released its fourth-quarter report on the state of the industrial commercial real estate market in the Puget Sound region, and despite economic headwinds which caused a slowdown in sales activity, the sector remains solid. Nearly 3 million square feet of industrial space was absorbed in Q4, with regional vacancy at 3.85% and average lease rates up 2.5% to $1.11-per-square-foot per month.
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