Oct
23
Third Quarter 2012 Washington State Commercial Real Estate Market Reports

Third Quarter 2012 Washington State Commercial Real Estate Market Reports
SEATTLE CBD OFFICE REPORT: Overall vacancy for Seattle’s CBD continued to decline through the third quarter of 2012, dropping 80 bps since mid-year to 16.1%, and it down from 20.1% once year ago. Read the Seattle CBD Office Report

SEATTLE NON-CBD OFFICE REPORT: The Southend office market is struggling to gain traction, despite a regional economic recovery. At 21.4%, the overall vacancy rate during the third quarter increased 30 bps from 21.1% at mid-year.Read the Seattle Non-CBD Office Report

SEATTLE INDUSTRIAL REPORT: On the hells of Grand Alliance’s move to Tacoma, container volumes at the Port of Seattle continued to weaken through tht third quarter. Read the Seattle Industrial Report

BELLEVUE OFFICE REPORT: Fundamentals for Bellevue’s office market continued to improve through third quarter, though much of the growth has been focused on Bellevue’s CBD. Read the Bellevue Office Report

BELLEVUE INDUSTRIAL REPORT: Slow improvements continued over the third quarter for the Eastside, helping to push the vacancy rate down marginally from 13.7% at mid-year to 13.6%. Read the Bellevue Industrial Report

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