SPOKANE, WA-The market here has never tended to cycle big. But its own measures its Class A vacancy rate of 8.37% is within the normsand at this point in time is showing stronger than Washington's largest metropolitan area.
TUKWILA, WA-Plans for the mixed-use development of Pacific Steps in downtown Tacoma ran their course only to end up at a dead-end. But that doesn't mean all is quiet at Opus. Yet another project is in the works, this one in Tukwila.
SEATTLE-With the overall vacancy rate in the Seattle's CBD hitting 13% and rents adjusting downwards accordingly, Peter Truex says it was a good time for his client "to explore an early lease renewal" on its space in Two Union Square.
SPOKANE, WA-Developers of the combination 125-room Holiday Inn and 40,000-sf Class A office building hope to capitalize on the demand in what they perceive as an underserved area of Spokane lying between the airport and downtown.
SEATTLE-Around most of Puget Sound, fourth quarter news about the office market is glum -- escalating vacancies and diminishing rents. Amid the turmoil, however, the Southend and Northend submarkets have managed to remain relatively stable.
BELLEVUE, WA-The public sector of the retirement and assisted-living industry is beset with financial woes, with some companies falling by the wayside despite a growing need for facilities. But privately-held Leisure Care is holding its own, and then some.
BELLEVUE, WA-One glance at Cushman & Wakefield's fourth quarter statistics, and it's obvious Bellevue's office market numbers are ugly. Tom Bohman says they reflect a tourniquet on the sublease wound but high vacancies that could go much higher.
SEATTLE, WA-It is an odd combination of numbers and forces. Properties and investors are both on the prowl. Financing is available--and cheap. But transactions are few and some predict deal flow to drop.
SEATTLE, WA-Experts may be glimpsing early signs of a national economic recovery. However, local authorities at the annual gathering of the Commercial Brokers Association say Seattle and Puget Sound has played only the first few innings of its recession.
EVERETT, WA-The apartment market is driven by employment czar, Boeing, and vacancies will climb with layoffs. But once the industry bottoms out, Saint Newton says Boeing -- and Everett -- will rebound as aging fleets require new planes, bringing workers to build them.