The Puget Sound region's commercial office market continued to accelerate last quarter, although several several Eastside submarket markets saw mixed results. Among the market highlights were a 15.2-percent year-over-over increase in Class A rents in downtown Bellevue, and the overall market's biggest year-to-date rate of net absorption in a decade. In Seattle the rate was $52.17, up nearly 6 percent over 2019. Read More...
Amazon fuels the Seattle-area office market, but negatively affected Bellevue during Q3
The Puget Sound region’s commercial office market continued to accelerate last quarter, although several several Eastside submarket markets saw mixed results. Among the market highlights were a 15.2-percent year-over-over increase in Class A rents in downtown Bellevue, and the overall market’s biggest year-to-date rate of net absorption in a decade. In Seattle the rate was $52.17, up nearly 6 percent over 2019.
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