Seattle Industrial MarketBeat Q1 2026
Seattle's industrial market ended Q1 2026 with a 9.7% vacancy rate and negative net absorption of 481,000 square feet, reflecting continued weakness in demand recovery despite early signs of stabilization from increased touring activity and large-block interest. Average asking rents declined to $0.95 per square foot year-over-year, with only two projects totaling 887,000 square feet delivered in the quarter, while leasing activity of nearly 1.9 million square feet was driven primarily by renewals and six large deals exceeding 100,000 square feet.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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