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Puget Sound industrial development cools

Speculative large-box space still dominates
CoStar Analytics
July 7, 2025 | 3:47 P.M.

After several years of elevated development, the Puget Sound industrial market is entering a slowdown. The region's construction pipeline has shrunk to its lowest point in more than five years, with new starts over the past 12 months falling to their lowest level in over a decade.

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