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SEATTLE-While the overall office vacancy rate is about 16% for the Puget Sound area, direct lab space vacancy is 2.82% and is still under 7% when sublease space is factored in, according to a new report on the life sciences market by Colliers International.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!