While rents have steadily decreased in the larger core cities of each metropolitan region, rents in outlying suburban cities have rebounded to pre-pandemic levels.

The logistics sector benefits from the massive shift in online buying, with increased demand from construction materials and building fixtures industries.

Sack Properties' Washington State portfolio includes Summit Redmond in Redmond, The Mill in Mill Creek and Chateau Woods, which fit into the firm's mandate of owning/operating in Western US submarkets.

Sellers know there is demand for their assets and, in turn, they want to be able monetize their real estate, says Andrés Dallal.