Seattle-area logistics facility vacancy rates have risen to 11.3%, up from a cyclical low of 4% in December 2022 and 9.1% a year ago.
CoStar Insight
Newer logistics buildings are driving Puget Sound vacancies
The vacancy rate for properties built this decade is well above that of older facilities
CoStar Analytics
April 14, 2026 | 3:35 P.M.
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