This week in the North West region, there was lots of news in the Seattle area. Check out all the news you might have missed below.—Natalie Dolce
BY THE NUMBERS
SEATTLE—According to a recent industrial report from Kidder Mathews, the Puget Sound region's industrial market delivered nearly 1.3 million square feet in the 4th quarter. Several large tenants that had pre-leased space earlier in the year finally occupied these spaces this quarter, boosting the net absorption up to nearly 2.3 million square feet this quarter. The end result saw the vacancy rate drop from 3.3% to 3.0%. For the year, nearly 6 million square feet was absorbed, keeping pace with deliveries of nearly 6.2 million square feet in 2017.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.