Current and accurate information is essential to formulating and executing the best real estate strategy. Because of our intense focus on the Puget Sound region, our clients can rely on us to know what is happening in the greater Seattle commercial real estate market and all of Western Washington. Our information is gathered with the objective of being specific, practical and timely.
Puget Sound Overview – 1Q 2019 OFFICE, INDUSTRIAL & RETAIL
The Office, Industrial & Retail Market Report provides a comprehensive overview for the market conditions of the Puget Sound Region. Absorption, vacancy rates, rental rates and notable transactions are condensed into a convenient overview of the entire commercial real estate market for Western Washington.
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MARKET QUARTER REPORTS
Puget Sound Insider – 4Q 2018
When we are old and retired, sitting back and yawning about the golden years of real estate and reflecting on our careers, there is a good chance 2018 is the focal point of that story. The perfect flux of a limited land supply, a strong and diverse economy and Ecommerce’s industrial real estate drive (particularly Amazon’s) once again lead our market to historical highs. Just consider these latest sale numbers.
Seattle Industrial Market Report – 4Q 2018
Through the last quarter of 2018, the Puget Sound Industrial Market has retained its status as one of the most active and dynamic industrial real estate markets in the nation. While there is still an insatiable demand for warehouse and distribution space in the Seattle market, there seems to be some slight push back against the high asking rents that have been rising uninterrupted during the last few years.
The Swain Group – Western Washington Industrial Quarterly – 1Q 2019
The Puget Sound market shows small signs of softening to begin the year. However, it remains to be seen if this is an outlier or a sign of a trend for 2019 for the cycle to cool slightly from its very red hot growth trajectory. Despite a busy delivery schedule recently and some large tenants moving around in early 2019, vacancies are still lower than last cycle’s trough. The combination of these large availabilities and a highly speculative pipeline could have an adverse effect on vacancy and rent growth in the 100,000 sf and greater tenant size range. However, we project continued strong demand for space under 100,000 sf, especially in the 10,000 sf to 75,000 sf range.
Graff Advisory Group Retail & QSR Market Report – 3Q 2018
This quarter was highlighted by few notable QSR transactions in the Western Washington market. As interest rates are rising daily, capitalization rates are set to reflect that more and more in the coming months. Additionally, the lack of current inventory has kept cap rates low particularly on the national credit tenants with lease terms of 10+ years.
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