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Market Insight

Eastside Market Snapshot Q2 2022

Despite the tech boom of the past few years, the Eastside is not immune to the macroeconomic impacts afflicting much of the country. From a statistical and transactional perspective, Q2 2022 mirrored the first three months of the year. Vacancy rates again trended slightly higher, large tenant activity was essentially absent and while rental rates have been growing for smaller quality spaces, rental rate growth is expected to flatten or even decrease for large spaces over the next 12 months.

8.69% Vacancy
38,612,604 Total SF
3,354,564 Vacant SF
Puget Sound Commercial Real Estate Market Insight