Vacancy dips in 10 Seattle high rises
Vacancy fell 3 percentage points, to 11.1 percent, in 10 major downtown Seattle high-rise office buildings tracked by Colliers International in its fourth quarter 2009 Skyline Review.
However, vacancy for the overall Seattle market rose 3.1 percentage points, to 17.7 percent, in the fourth quarter over the prior period, the firm reported.
In Seattle's central business district, vacancy increased 2.4 percentage points, to 16.1 percent. The increases are partly due to new buildings coming on line, Colliers said.
As a whole, vacancy in the CBD increased 1.4 percentage points, to 13.7 percent, from the third quarter.
Vacancy in the Eastside market (which includes the CBD, Redmond, Kirkland, Issaquah, Mercer Island, suburban Bellevue, and the SR 520 and Interstate 90 corridors) rose nearly a percentage point, to 12.2 percent.
Bellevue's numbers include owner/user buildings, hence the lower vacancy compared to Seattle, whose numbers do not include those buildings.
