Seattle Industrial Market Report - Q1 2026
The Puget Sound industrial market remained soft in Q1 2026, with total regional inventory at 410 million SF across 11,333 properties, vacancy increasing to 9.3% from 8.9% year-end 2025, and average blended asking rent at $1.07 per SF. Key submarket conditions varied widely, with Pierce County delivering 1.24 million SF and experiencing positive absorption of 625,284 SF, while Seattle Close-In, Southend, and Eastside submarkets all showed negative absorption, and global supply chain pressures plus recent cargo volumes tracking 17% below prior-year levels continued to constrain the regional market.
Published by Kidder Mathews. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Kidder Mathews
- Obtained from
- Kidder Mathews
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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