1Q 2013 Update
Created By Evan Steinruck, CBRE
CONTINUED STRENGTH IN OFFICE INVESTMENT; TECH LEADS LEASING ACTIVITY
Results from the Puget Sound first quarter office market eased off from 2012’s standout year. Net absorption reached 100,021 SF, and the region’s vacancy rate ticked up to 15.5%. The market is trending towards future growth, demonstrated by the 852,955-SF of projects under construction.