Puget Sound Retail Figures Q3 2026

- The Seattle retail market closed Q3 2026 with an availability rate of 4.1%, unchanged from the previous quarter.

- Net absorption totaled 200,000 sq. ft. in Q3 2026, a substantial improvement from negative 99,000 sq. ft. last quarter, driven by significant grocery and fitness lease activity in Tacoma.

- Deliveries reached 125,000 sq. ft. in Q3 2026, up from 11,000 sq. ft. in Q2, The Eastside submarket led the way, including over 70,000 sq. ft. delivered at Harvest Woodinville.

- The average asking rental rate held steady at $24.73 per sq. ft. NNN, increasing just $0.10 from the prior quarter. The Eastside continued to command the region's highest asking rents.

- Retail investment sales volume increased 30.4% quarter-over-quarter to $265.4 million, marking the strongest quarter since Q4 2025. Average pricing rose 65.0% to $444 per sq. ft., supported by demand for grocery-anchored assets and owner-user acquisitions.