Seattle’s retail scene is finally tilting back in landlords’ favor, at least a little. The region notched positive retail demand in the first quarter of 2026, the first quarter of net gains since the third quarter of 2024. After a long run of occupancy losses tied to redevelopment projects and big anchor vacancies, the latest numbers hint at early stabilization, even if it is far from a full recovery. The rebound is lopsided so far, with neighborhood storefronts and smaller centers doing the heavy lifting while big boxes continue to lag.
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