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Office Insight

United States | Seattle, WA

Report | Seattle Office Insight - Q1 2017

Summary

​Seattle’s trend of strong positive net absorption rolled on to start 2017. Already, year-to-date net absorption has totaled 1.9 million square feet, including several full buildings. Expect this year to be the most active for deliveries since 2000.

Rent growth is up 10 basis points year-over-year, while total vacancy is down 60 basis points over the same period. As a result, the market remains solidly in favor of landlords as tenants continue battling for space.

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