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Office Highlights

United States | Seattle, WA

Report | Seattle Office Highlights - Q1 2011

Summary

High Tech and Bio Tech leasing took center stage during the first quarter, particularly within downtown Seattle. Several large, highly anticipated leases were completed. Collectively, the top five leases accounted for just under 1.0 million square feet of activity. These new deals soaked up several large blocks of space in buildings that were previously struggling for tenants. Sustainability is now the question with a large amount of primarily commodity space remaining available; however, landlords are showing newfound optimism by raising asking rates and reducing concession offerings.

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