Seattle Retail Market Report Q1 2026

Mar 31, 2026

The Seattle retail market in Q1 2026 posted a vacancy rate of 4.0%, up from 3.3% year-over-year, with asking rents stable at $23.40 per square foot, while net absorption remained negative at -17.8K SF though improved from prior years. Smaller-format and service-oriented retail continued to outperform, construction deliveries totaled approximately 51K SF concentrated in suburban corridors, and investment activity remained measured amid selective capital deployment.

Retail Seattle Washington United States

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Provenance

Publisher: Kidder Mathews
Obtained from: Kidder Mathews
Published: Mar 31, 2026
Last updated: Jun 28, 2026 (1 month ago)

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