Report: Puget Sound Industrial Market Slows as Absorption Declines

Seattle Industrial Market Hits 10.1% Vacancy as Supply Outstrips Demand

Year-to-date absorption falls to 1.1 million square feet while developers pull back on new construction The Seattle-Puget Sound industrial real estate market is experiencing a notable cooldown, with landlords facing their weakest demand in years while newly constructed warehouses continue to hit the market. The region’s industrial vacancy rate climbed to 10.1 percent in the third quarter of 2025, a record high that reflects the growing mismatch …

Report: Puget Sound Industrial Market Slows as Absorption Declines

Savills’ Q3 industrial market report for Seattle and the Puget Sound area reveals lost momentum in the third quarter. Year-to-date net absorption declined to 1.1 million square feet, down from 1.8 million square feet during the same period in 2024. While some large occupiers executed transactions, overall demand remained muted. Vacancy in the Puget Sound industrial market rose to 10.1%, marking a record high for the region. This represents a 130…

Silicon Valley R&D Vacancies Hit 12.9% While Industrial Absorption Turns Positive Amid Slow Construction Pipeline

Morgan Hill sees steepest R&D decline as asking rates drop to $2.77 per square foot, five-year low for research facilities Silicon Valley’s commercial real estate market is sending mixed signals as the technology sector recalibrates its space requirements. The third quarter of 2025 revealed a bifurcated landscape: research and development facilities are experiencing their highest […] The post Silicon Valley R&D Vacancies Hit 12.9% While Industri…