Tacoma

Tacoma, WA · Real Estate
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Indianapolis Developer Bets on Auburn With 185,000-Square-Foot Warehouse Plan
An Indianapolis-based developer is planting a second flag in the Puget Sound region, with plans for a 185,000-square-foot speculative industrial project in Auburn. Scannell Properties, which only recently finished its debut Washington warehouse near Everett, is now setting its sights on the South Sound as the broader warehouse market cools considerably.
signalakron.org
Akron ballot issues go further than rental laws in Columbus, Seattle
The housing proposals that Akron voters will consider to eliminate application fees for renters, allow security deposits to be paid over several months and treat people with criminal histories as a protected class have similarities to laws in locations across the country. Those proposals mirror others in states and cities...
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Report: Seattle-Tacoma Area Office Market Sees Declining Vacancy
The Seattle-Tacoma metro area office is showing signs of declining vacancy, according to a recent report by Marcus & Millichap. “Seattle-Tacoma’s office market is showing broader signs of stabilization as improving absorption and a nearly empty development pipeline support declining vacancy, although recovery continues to vary by property class and submarket,” said Joel Deis, senior managing director, market leader.
Axios Seattle
Downtown Seattle office leasing hits 8-year high
Downtown Seattle's battered office market is showing signs of life after years of declining occupancy, though full recovery likely remains a way off. Why it matters: The gains offer a hopeful sign for one of Seattle's most troubled economic sectors, which has struggled to recover from the pandemic and remains a weak spot in the city's economy . Driving the news: Downtown Seattle gained 300,000 square feet of occupied office space in the third quarter, its first quarterly increase since 2021, according to commercial real estate firm CBRE . The downtown vacancy rate dipped to 35.4%, down half a percentage point from the previous quarter. Across the Puget Sound region, occupied office space increased by 514,000 square feet, marking the fourth consecutive quarterly gain, per CBRE. New lease commitments in Seattle's traditional office core in the second quarter totaled more than 550,000 square feet, making it the strongest quarter for new leasing since 2018, according to Elliott Krivenko of CoStar . Case in point: AI company Anthropic recently expanded its Seattle footprint to about 163,000 square feet. Zoom in: Companies are gravitating toward high-end offices with amenities such as conference rooms, event spaces and fitness centers that can help attract