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February 5, 2026
Seattle vs. Boston: Here's how these Super Bowl contenders match up on real estate
On Sunday, the NFL's Seattle Seahawks face the New England Patriots in Super Bowl LX, marking a repeat of the Super Bowl matchup of 2015. This year, the Seahawks and the Patriots each come into the big game after a regular season record of 14-3.
January 30, 2026
State-to-state migration data shows a positive shift for Washington State
In 2024, Washington State gained nearly 18,000 more residents than it lost through state-to-state moves.
January 29, 2026
Following years of strong inflows, Montana’s net domestic migration has softened
Montana saw little population growth from domestic migration in 2024.
January 26, 2026
Seattle labor market softens as job losses spread
The Seattle metropolitan area experienced a notable decline in employment in 2025.
January 26, 2026
Puget Sound multifamily rent growth stalls as demand cools
With an overhang of new supply and slowing job growth, multifamily rent growth in Seattle decelerated in 2025.
January 23, 2026
Speculative builds account for most new logistics space in the Puget Sound region
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.
January 22, 2026
Apartments lead the Puget Sound investment recovery
Seattle's commercial sales market is showing signs of a rebound. Overall sales volume remains below its most recent peak but is starting to move back toward historic pre-pandemic norms.
January 20, 2026
New logistics supply has an outsized impact on industrial vacancy in the Puget Sound region
Vacancy continues to move higher among Seattle logistics properties.
January 14, 2026
A slower apartment pipeline will reduce competitive pressure in the Puget Sound region in 2026
Seattle’s multifamily construction pipeline is retrenching after a period of robust growth.
January 7, 2026
US office leasing increases 5% in past year
Office tenants signed up for an estimated 410 million square feet of space in 2025, a meaningful increase over the prior year. Still, persistently smaller deal sizes and a wide variation in leasing across major cities indicate a choppy recovery from the post-pandemic doldrums.
December 18, 2025
Seattle apartment demand varies by building style
Apartment demand across the Seattle metropolitan area remained resilient in 2025, with absorption — the net change in occupied units — totaling roughly 9,400 units for the year. While overall absorption was strong, performance varied significantly by building type.
December 10, 2025
The Puget Sound industrial market faces a 2026 reset
Seattle’s industrial market heads into 2026 with record availability and its weakest rent growth since the Great Recession. With a persistent supply overhang and slack demand, tenants are likely to continue holding negotiation leverage in 2026.
December 8, 2025
Will Seattle’s retail market tightness hold in 2026?
Seattle has consistently been one of the nation’s tightest retail markets over the past few years, with availability rates consistently in the low single digits. However, the region has also seen its availability rate rise from an all-time low of 2.7% about three years ago, to 4% today.
December 3, 2025
Forecast sees continued weakness in the Puget Sound office market
The Seattle region’s availability rate for non-owner-occupied office buildings peaked at 23% in the first half of 2025 before experiencing a modest recovery through the last half of the year. This likely signals some stabilization in the region as space givebacks slow, construction activity tempers, and developers begin removing obsolete office space in favor of other uses.
December 2, 2025
Facing limited options, office renters rediscover second- and third-tier buildings
Over the past five years, office buildings rated three and four stars have borne the brunt of the massive adjustment in workspace demand. That began to change in the third quarter as occupancy losses came to an abrupt halt in these buildings, possibly signaling the start of a longer, deeper recovery.
December 2, 2025
Seattle apartment market poised for a vacancy decline in 2026
After ending 2025 with its highest vacancy rate since 2009, the Puget Sound apartment market should see a modest decline in vacancies in the coming year, according to CoStar’s latest forecast.
November 19, 2025
Options for large office tenants dwindle as available premium space shrinks
The number of office buildings able to accommodate large tenants is rapidly shrinking. As a result, major occupiers have fewer choices than at any point since office vacancy started its long climb in 2020.
November 19, 2025
Outlook weakens for apartment rent growth in the Pacific Northwest as demand slows
Apart from Portland, Oregon, which ended the second quarter with flat annual rent growth, apartments across the majority of the Pacific Northwest posted rent gains through the first half of 2025. However, that momentum has slowed dramatically.
November 18, 2025
Seattle leads the nation in office rent declines as vacancy rises
Seattle's office market continues to grapple with significant challenges, recording the slowest rent growth among the nation's largest markets over the past year.
November 12, 2025
Vacancy rises in Seattle's small-bay logistics segment
Since the end of 2022, Seattle's logistics market has experienced a significant increase in vacancy, rising from 4% at the end of that year to approximately 9% today, a level not seen in more than two decades.