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Industrial Market Still Tight for Smaller Spaces

SEATTLE-According to a recent survey by CB Richard Ellis, the industrial market is definitely catching its breath from a two-year run of big-time demand. The vacancy rate for the region rose to 4.46%, compared to 3.04% the last quarter of 2000.

By Tom Kelly | Updated on April 13, 2001

SEATTLE-Big chunks of industrial space have become easier to find in the Puget Sound region, but the choices are fewer for tenants looking for 10,000 to 30,000 sf, according to commercial real estate specialists who work the various Seattle sub markets.

“Our role has been slowly changing,” said Tony Miltenberger of Colliers International who focuses on the Kent Valley southeast of Seattle. “We have gone from representing tenants looking for space to representing tenants trying to sublease space.”

According to a recent survey by CB Richard Ellis, the industrial market is definitely catching its breath from a two-year run of big-time demand. The vacancy rate for the region rose to 4.46%, compared to 3.04% the last quarter of 2000.

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