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7MSF-Plus Under Office Construction in Seattle

SEATTLE—According to the latest data from JLL, Seattle is behind only Houston, New York and Dallas as the primary markets driving office inventory growth nationally.

By Natalie Dolce | Updated on September 03, 2015

SEATTLE—According to JLL research, there is more than 7 million square feet of office product currently under construction in the Seattle metro area. That places Seattle behind only Houston, New York and Dallas as the primary markets driving office inventory growth nationally.

With such a historically high level of construction there are natural concerns about overbuilding but, as JLL vice president Joe Gowan points out, “preleasing is currently fairly strong and rents are rising with no immediate sign of a let-up in demand.”

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