Seattle’s Office Space Retrenches While Zombies Watch

Michael van Baker — Thu, 29 Sep 2011 16:58:26 +0000

The Seattle office space market has absorbed 797,000 square feet so far in 2011, reports Colliers International in their third quarter survey. Colliers tracks Class A, B and C office buildings that are 10,000 square feet and larger (medical buildings excepted). Seattle's current vacancy rate is 16.53 percent, down from 18.13 percent a year ago. (The Eastside is "stagnant" at 14 percent--there are "16 properties with contiguous vacant spaces above 50,000 SF available.")

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Seattle’s Office Space Retrenches While Zombies Watch