As we navigate the tumultuous waters of commercial real estate in 2023, the Seattle retail market stands at a crossroads. With rising vacancy rates, declining net absorption, and a fluctuating economic climate, the retail sector faces its fair share of challenges, according to a recent Q3 2023 retail market report by brokerage firm Kidder Mathews. However, there is reason to believe that the Emerald City’s retail market is poised for growth once the broader economy rebounds.
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