Second Quarter 2012 Washington State Commercial Real Estate Market Reports

Second Quarter 2012 Washington State Commercial Real Estate Market ReportsSEATTLE CBD OFFICE REPORT: Momentum for office demand in Seattle’s CBD continued at a moderate clip over the past six months. The overall vacancy rate declined 260 pbs to end second quarter at 16.9%, its lowest level in three years. Read Q2 Seattle CBD Office Report

SEATTLE (SOUTHEND) SUBURBAN OFFICE REPORT: Economic recovery throughout the region continues to sidestep the Southend office market. Vacancy inched upward during the second quarter to 21.1%, from 20.8% three months ago. Read Q2 Seattle (Southend) Office Report

SEATTLE (KENT VALLEY) INDUSTRIAL REPORT: Despite weak traffic volumes so far in the year, Kent Valley continued on its path toward recovery. Overall vacancy declined from 8.4% last quarter to 7.8%, and is down 130 bps from year-end 2011.Read Q2 Seattle (Kent Valley) Industrial Report

BELLEVUE OFFICE REPORT: Activity on the Eastside has been gaining significant traction in recent quarters and by mid-year the market was well on its way towards equilibrium. The overall vacancy in the CBD dropped 50 bps since first quarter to 12.9%, and is down nearly a full percentage point from year-end 2011. Read Q2 Bellevue Office Report

BELLEVUE INDUSTRIAL REPORT: After several quarers of rising vacancy and negative absorption, the Eastside industrial market finally regained positive momentum during the second quearter, albeit margnally. The overall vacancy rate declined from 13.9% in the first quarter to 13.7%, resulting in 43,203 square fee of positive overall absorption.Read Q2 Bellevue Industrial Report

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