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Mercer Island Office Vacancy Plunges to 2.9% in Q2 2026, Tightest Market on the Eastside

Summary by The Registry
Mercer Island, the smallest office submarket on the Eastside, tightened to a 2.9 percent vacancy rate in the second quarter of 2026, leaving fewer than 10,000 square feet available across the entire market and standing in stark contrast to the region’s double-digit norms. Mercer Island’s office vacancy fell to 2.9 percent in the second quarter of 2026 from 4.2 percent in the first quarter, the lowest rate of any Eastside submarket, according to …
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The Registry broke the news on Wednesday, July 8, 2026.
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