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Coworking Expands in Seattle as Market Navigates Rising Vacancy and Slower Leasing - The Registry

Summary by The Registry
The Seattle office market continues to adjust to ongoing economic headwinds, high vacancy rates, and shifting demand for workspace solutions. According to the latest CommercialEdge report, Seattle is experiencing the same national trend that has fueled the expansion of coworking spaces as a flexible alternative to traditional office leases. While the broader U.S. market sees incremental rent growth, vacancy rates remain elevated, leading landlor…
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The RegistryThe Registry

Coworking Expands in Seattle as Market Navigates Rising Vacancy and Slower Leasing - The Registry

The Seattle office market continues to adjust to ongoing economic headwinds, high vacancy rates, and shifting demand for workspace solutions. According to the latest CommercialEdge report, Seattle is experiencing the same national trend that has fueled the expansion of coworking spaces as a flexible alternative to traditional office leases. While the broader U.S. market sees incremental rent growth, vacancy rates remain elevated, leading landlor…

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Mile High CREMile High CRE

Coworking Expands as Office Vacancy Rates Continue to Rise - Mile High CRE

According to Yardi, coworking spaces continued to expand across the U.S., with 7,814 locations now covering 140.1 million square feet, reflecting 25% year-over-year growth in inventory. The Southeast led with 1,960 spaces (up 24.2%), followed by the Midwest (up 27.7%), West (up 16.7%), and Northeast (up 17.5%).  Other key highlights:  The national vacancy rate stood at 19.7% in February, reflecting a 180-basis-point increase Y-o-Y   The nation…

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Mile High CRE broke the news in on Monday, March 24, 2025.
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