As of the start of 2026, the Seattle region ranked ninth nationally for speculative development as a share of total industrial construction. Projects that are underway without signed tenants account for 90% of all ongoing industrial builds across the metropolitan area.
Speculative builds account for most new logistics space in the Puget Sound region
Developers are constructing additional facilities despite a lack of secured tenants
CoStar Analytics
January 23, 2026 | 8:34 P.M.
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