• Driven by large renewals, sizeable new leases, and substantial tenant move-ins, the quarter showcased the momentum of the region’s office market. By the close of Q2, the Puget Sound office market experienced 845,294 sq. ft. of positive absorption.
  • By taking advantage of their urban environments and amenities, Class A office buildings continue to lure users looking to attract and retain their employee talent.

  • As vacancy continues to decline, the anticipation for new construction grows; Skanska’s 2+U and Kilroy’s 333 Dexter are among the 4.2 msf of Class A office under construction in downtown Seattle.

  • The light on the horizon continues to be the Southport Office Campus in Renton, which will bring 688,147 sq. ft. of Class A space to the suburban market by 2019