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June 27, 2025
Retail availability rises in the Seattle region
While the Puget Sound region's retail market remains historically tight, availability has been on the rise. As of the end of the second quarter of 2025, more than 6 million square feet of retail space is listed as available to lease, compared to 5.4 million square feet in the same quarter in 2024.
June 25, 2025
Seattle job market shows signs of softening
The unemployment rate in the Seattle metropolitan area edged higher in May.
June 24, 2025
Tech office leasing rebounds nationally, fueled by AI demand
The artificial intelligence boom among cutting-edge tech companies in Silicon Valley is spreading across the country to include economic stalwarts such as Walmart, Amazon and IBM, helping to drive a surge in office leasing several years after a slowdown.
June 23, 2025
Blackstone, KKR dive back into office market with Seattle-area deals
Some of the world's largest real estate firms are back in office dealmaking mode after years of sitting on the sidelines, as evidenced by a handful of recent Seattle-area acquisitions.
June 20, 2025
OpenAI hunts more space in San Francisco Bay Area
The maker of ChatGPT is among firms contributing to more office demand as the artificial intelligence company prepares to once again expand in San Francisco.
June 18, 2025
Lake Union leads apartment rent growth in Seattle
Some of the Puget Sound region’s most central neighborhoods are seeing the fastest rise in rents. The Lake Union area tops the list, followed by Queen Anne and downtown Seattle.
June 17, 2025
Hudson Pacific Properties lands major investment in vote of confidence for office rebound
A global asset manager has given a $300 million boost to a prominent office landlord as a new cohort of investors shows they're willing to bet on the sector's rebound.
June 17, 2025
The office recovery is at last underway, but it's still not widespread
The pace of office occupancy losses has slowed dramatically over the past 12 months, and surging leasing activity indicates that the long-awaited recovery is at last underway.
June 17, 2025
Kennedy Wilson partnership makes Seattle's highest-price apartment purchase this year
Kennedy Wilson partnered with two Japanese investment firms to buy a 265-unit complex in Seattle for $173 million, the city's largest multifamily sale of the year by price.
June 17, 2025
Seattle multifamily market reaches a turning point
The apartment market in the Puget Sound region is likely past its peak vacancy rate and is forecast to see further tightening over the coming quarters.
June 16, 2025
San Francisco investor snaps up apartment complex near Seattle
FPA Multifamily has acquired the 386-unit Miro apartments in Federal Way near Seattle as the residential investor expands in the Puget Sound region.
June 16, 2025
Why Seattle’s retail rent growth slowed over the past year despite low availability
Retail sales activity slowed in the Seattle metropolitan area last year, which is likely impacting the growth in retail properties’ asking rents.
June 13, 2025
Puget Sound apartment demand surges
Over the past 12 months, the Emerald City has seen its highest level of apartment demand in three years. The pace of absorption, the net change in occupied units from one period to the next, has doubled since reaching a nadir two years ago.
June 12, 2025
Cushman & Wakefield hires Seattle-area leasing team from rival brokerage
Cushman & Wakefield has added a sales and leasing team from rival Lee & Associates that the national brokerage says will strengthen its presence in Seattle's fast-growing Eastside.
June 11, 2025
Kaiser Permanente finishes $270 million expansion of medical center north of Seattle
Kaiser Permanente opened an expansion that more than doubles the size of the healthcare giant's medical center in Everett, north of Seattle.
June 11, 2025
Medical offices in the Seattle area outperform amid broader office market challenges
Across the Puget Sound region, medical offices have consistently outperformed traditional office space in terms of vacancy. Historically, vacancies have been lower in medical offices, especially during office downturns.
June 11, 2025
Seattle's largest law firm cuts office footprint in half with downtown move
Seattle’s biggest law firm has reduced its downtown office footprint by half as the firm embraces hybrid work at another building a block away.
June 11, 2025
Drugmakers plan $270 billion in US manufacturing investment
The U.S. biotech property sector could see a burst of activity in one of the first tests of the federal government's trade policies aimed at encouraging the return of manufacturing to the United States.
June 10, 2025
Tracking the turnaround: Where multifamily momentum is surging in the US
Though some U.S. multifamily markets still face challenges from elevated supply pipelines and rising costs, the sector as a whole is finding a new equilibrium in mid-2025, with improving demand bringing the national vacancy rate down for the first time in more than three years.
June 10, 2025
Real estate investment firm launches apartment arm following Seattle deals
Real estate investment firm Lake Washington Partners has launched Refound Residential as part of a push into greater Seattle's multifamily sector.