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United States | Seattle, WA

Report | Seattle Bellevue Office Insight - Q2 2016

Summary

On the strength of a growing tech presence, Seattle’s now the fifth-tightest office market in the country, with average asking rents up 8.8 percent year-over-year (as of Q2 2016).

Strong development activity continues downtown and doesn’t look to be slowing anytime soon. More than 2.7 million square feet of new space will deliver this year—making 2016 the most active year for development since prior to the 2008 recession.

Global investors’ interest in Seattle also remains on the rise. Two of the largest transactions so far this year have involved German-based buyers.

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