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Office Insight

United States | Seattle, WA

Report | Seattle Office Insight - Q2 2017

Summary

Demand for full-floor availabilities in Silicon Valley continues to be strong, but it has not been enough to offset substantial occupancy losses from acquisitions and consolidations. Four million square feet of pre-leased new construction is slated to be absorbed, half of which will happen over the next six months.

Rents are expected to maintain an upward trend marketwide as newly-delivered vacant Class A space completes. However, submarkets like Santa Clara and North San Jose may see conditions further soften should tenants decide to take a more 'wait and see' approach.


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