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Market Insight

Suburban Demand and Emerging Growth Signals Q2 2025

Downtown Bellevue’s vacancy challenges persist, but steady tours show tenant interest is still alive. Across the Eastside, demand is strongest for turnkey, updated spaces, signaling a slow but promising shift toward growth.

Suburban markets are picking up, especially along I-90 and in Bothell, where tenant demand is the highest in years. Smaller, move-in-ready spaces are leading the way as confidence cautiously returns.

20.5% Vacancy
42,458,181 Total SF
8,702,322 Vacant SF
Puget Sound Commercial Real Estate Market Insight