Continuing the trends established at the end of last year, First Quarter 2016 reported steady demand for office space throughout Greater Seattle and the Eastside. In spite of increasing rental rates, the demand for office space – particularly within the tech sector – remained strong and vacancy rates across all submarkets held relatively steady.

The pace of new development continued strong throughout the regional office market and new construction currently presents the greatest opportunity for larger tenants, in particular. Additionally, an influx of investment sales fueled the market during the past three months.

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