Please see below for an overview of the information included in our Seattle Market Overview, Third Quarter 2013:
The Downtown Seattle Class A vacancy rate is expected to dip to 11.8% by the end of 2013. The limited supply of Class A view space will continue to cause increasing rents. In addition, the recent high sales prices of several significant Class A buildings will also put upwards pressure on rents as these new owners strive to hit their underwriting projections. However, there is still ample supply of commodity low and mid-rise space throughout the market for tenants looking for lower lease rates.
For more information, please see our complete Seattle Market Overview, Third Quarter 2013.