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October 29, 2026

Seattle industrial vacancy hits 9.7% as new development cools

  • Signs are starting to show that conditions may be stabilizing.
    • By LISA LANNIGAN
    Editor

    iStock photo [enlarge]
    The region added 3.2 million square feet of industrial space year-to-date. At the same time, only 1.36 million square feet remains under construction.

    The Puget Sound industrial market continues to absorb an abundance of space delivered during the pandemic-era building boom. But signs are starting to show that conditions may be stabilizing.


     
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