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Pacific Northwest Office Sales Drop Amid Low Inventory and Rising Interest Rates

Investment Slows in Vancouver, British Columbia, and Bellevue, Washington
Sales of office properties in Vancouver dropped more than 80% in this year's second quarter from the first. (Justin Eckersall/CoStar)
Sales of office properties in Vancouver dropped more than 80% in this year's second quarter from the first. (Justin Eckersall/CoStar)
CoStar News
July 25, 2022 | 9:30 P.M.

Two of the Pacific Northwest’s hottest office investment markets have had dramatic slowdowns, falling victim to a double blow of depleted inventory and an abrupt shift in investor sentiment as economic headwinds stiffen.

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