Learn more about our local markets and property types by clicking our most recent Seattle-Bellevue MarketBeat reports below.
Seattle/Bellevue MarketBeat Reports
10/11/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Current Marketbeats
Q3 2023 Seattle CBD Office Report
Seattle CBD average asking rents were $47.10 per square foot (psf) on an annual gross basis at the end of the third quarter, down 9.0% YOY. Class A rents closed the quarter at $51.48 psf, a YOY drop of 10.6%.
Q3 2023 Seattle Suburban Office Report
The Seattle Suburban office market reported average asking rents of $36.35 per square foot (psf) on an annual gross basis in the third quarter, a YOY rise of 3.2%
Q3 2023 Puget Sound Office Report
The Puget Sound-Eastside office market reported average annual gross rental rates of $42.54 per square foot (psf), a 0.5% YOY increase. Class A rents in the Bellevue CBD submarket reached $61.48 psf, up 1.0% YOY.
Q3 2023 Seattle Industrial Report
The Seattle industrial market reported a vacancy rate of 5.2% in Q3 2023, up 150 bps YOY and up 60 bps quarter-over-quarter (QOQ).
Q3 2023 Puget Sound Industrial Report
The Puget Sound Eastside industrial market reported a vacancy rate of 3.8% in Q3 2023, an increase of 40 bps YOY.
Q4 2021 Seattle Multifamily Report
The demand for apartments has seen a resurgence in the Seattle market the past few quarters of 2021. Vacancy was reported at 4.7% across the region, with no change quarter-to-quarter but down 370 basis points year-over-year.
Featured Insights: Current U.S. MarketBeats
MarketBeat
Access the latest quarter commercial real estate results for the office sector nationally. MarketBeat analyzes quarterly market activity including supply, demand and pricing trends.
David Smith • 10/11/2023
MarketBeat
Access the latest quarter commercial real estate results for the industrial sector nationally. MarketBeat analyzes quarterly market activity including supply, demand and pricing trends.
Jason Price • 10/11/2023
MarketBeat
Access the latest quarter commercial real estate results for the retail sector nationally. MarketBeat analyzes quarterly market activity including supply, demand and pricing trends.
James Bohnaker • 10/11/2023