Report | Intelligent Investment
Industrial Sublease Drilldown July 2023
July 6, 2023 30 Minute Read
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Featuring key seaports in Seattle and Tacoma, which together form the Northwest Seaport Alliance, the Puget Sound industrial market has delivered outsized returns to investors in recent years. New development has appeared along the I-5 corridor and is located increasingly south of Seattle and Tacoma. This report examines key characteristics of spaces currently listed for sublease.
Total availability is well below its 10-year average of 6.4% and overall vacancy stands below 5%.