2015 Q1 MarketBeat Seattle Suburban Office Snapshot: Leasing Activity More Than Doubles Last Year’s Q1
The U.S. economy continued to add jobs at a high rate as job growth expanded by 2.4% over the last year, pushing the unemployment rat to just 5.5%. Even with stronger employment numbers, wage pressure remained moderate, mainly occurring in specialized jobs.
The Southend office market continued to steadily improve, experiencing 163,473 square feet of leasing activity this quarter, more than double last year’s first quarter leasing activity. Asking rental rates were stable across the market.