Seattle's office sector is off to a slow start in 2025. For one, net absorption continued to remain in negative territory at -265,000 square feet in the first quarter, according to a market report from Colliers. That's up from the -194,000 square feet in the previous three months but down from the even more turbulent -1.38 million square feet in the 12 months prior.
Also, vacancy ticked up by 10 basis points to 31.2 percent from the fourth quarter. At the beginning of 2024, the category was at only 28.1 percent.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 2025 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.
