Brief
Report: Puget Sound Industrial Vacancy Reaches New High
The Puget Sound industrial market closed the first quarter of 2026 with vacancy rising to 11.5%, increasing 230 basis points year-over-year and marking a new high for the region, according to a recent
Summary
The Puget Sound industrial market closed the first quarter of 2026 with vacancy rising to 11.
5%, increasing 230 basis points year-over-year and marking a new high for the region, according to a recent report by Savills.
Demand softened further, with net absorption totaling negative 0.8 million square feet year to date, a reversal from the...
Source
- Connect CREconnectcre.com
