This week in the North West region, we learned that absorption to remain positive in the Puget Sound region and that Bellevue's first new condominiums in nearly a decade are officially underway. Check out all the news you might have missed below.—Natalie Dolce

BY THE NUMBERS

SEATTLE—According to a recent report from Kidder Mathews, the Puget Sound region industrial market continues to be active, although net absorption was lower this quarter compared to the first two quarters. Development activity continues to be very robust with nearly 6.4 million s.f. under construction, and another 4.8 million s.f. that has been completed through the first nine months. Net absorption in the third quarter was positive at nearly 500,000 s.f. (nearly 3.7 million s.f. cumulative year-to-date), buoyed by both Pierce and Thurston Counties which helped offset negative net absorption in Seattle, South King, and East King County markets. With deliveries slightly outpacing absorption, the vacancy inched up to 3.30% from 3.16%. We would expect absorption to remain positive as there are nearly 1.7 million s.f. of signed leases expecting to take occupancy over the next six months. Another 13.2 million s.f. is in the pipeline that may or may not start over the next several years.