• Logistics companies who manage the flow of goods through the economy are well represented in the largest deals of Q3, while aerospace and direct retail experienced negative absorption.

 

  • Vacancy in the Kent Valley dropped 100 basis points to 5.3% over the quarter due to the net result of a flood of moves.

 

  • Growth has led to an uptick in demand for industrial facilities in the Tacoma market, with 1.77 million sq. ft. of construction deliveries this quarter and 2.8 million sq. ft. more underway.

 

  • Total vacancy remained low at 6.2% in the Olympia market. The economics of the county continue to draw tenants south as rates stay lower than its northern neighbors.