The Puget Sound office market ended 2025 with lower leasing volume compared to 2024. CoStar has recorded about 6 million square feet of new office leases signed last year, about a 21% drop from the previous year.
CoStar Insight
Puget Sound sees early momentum in office leasing after pullback in 2025
Large commitments point to a potential rebound after a quieter year
CoStar Analytics
February 27, 2026 | 6:31 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- West8
2001 8th Ave, Seattle, WA
- Fourth & Madison
925 4th Ave, Seattle, WA
- Four106
350 106th Ave, Bellevue, WA