Report | Seattle Bellevue Office Insight - Q1 2016
Vacancy rates are now at 15-year lows across Seattle-Bellevue, with 2016 set to become the most active year for office development since the 2008 recession.
The development pipeline continues to be a hot point of contention. Nearly 6.8 million square feet is currently under construction, although only 38.4 percent of that is preleased.
Investors were active
in Q1, totaling more than $851.4 million in transactions across Puget Sound.
The majority of action this quarter happened in suburban submarkets like Kent
Valley and Redmond.
Learn more about what’s happening right now in Seattle-Bellevue—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
To access the report, simply complete the form.