Search
 

South County Office Market Steady Yet Uncertain

RENTON, WA-According to Colliers International, the South County office market is slow and steady, but may be hit with waves when leases in Boeing buildings expire this year.

By Michelle Savage | Updated on July 08, 2002

RENTON, WA-According to the Colliers International Puget Sound 2nd Quarter 2002 report preview, the South County office market is presently experiencing the calm before the storm.

South County’s vacancy rate is at 16.83% for the 2nd quarter of 2002 and Colliers says that the next two quarters could potentially see Boeing giving back considerable space to the market. Boeing buildings with leases expiring in the next 12 months are: East Valley Office Center, Southgate Office Plaza, Riverfront Technical Park, Kilroy Airport Center and Blackriver 800.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.