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Hi, we're Colliers | Puget Sound


Colliers International operates from two offices in the Puget Sound area: Seattle and Bellevue. Through the expertise of more than 100 leasing and sales brokerage, real estate management, appraisal and valuation, and support professionals, we offer comprehensive real estate services in the office, industrial, retail, multifamily and investment sectors throughout the Seattle area and beyond.

Featured news

May 20, 2022

Shelton Eastlake Apartments Sell for $25.2M

Colliers’ multifamily experts connect buyer and seller in off-market transaction
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May 2, 2022

Colliers Closes Sale of Inspire Apartments in Fremont

2020 Sustainable Multifamily Development of the Year Sells for $14.5M, According to Public Records
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Apr 20, 2022

Colliers Finalizes $9.5M Sale of SeaTac Apartment Portfolio

Innsbruck apartments sells for $6.9M, following sale of sister property earlier this year
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Stay ahead with industry-leading research

Apr 15, 2022

Q1 2022 Puget Sound Industrial Market Report

Puget Sound’s industrial market is off to a strong start in 2022, despite confronting headwinds related to supply chain woes and an ever-dwindling supply of space for users. Over 2.0 million square feet of space was absorbed this quarter bringing vacancy down from 5.5% to 5.1%. The largest project currently under construction is Costco’s 1.1 million square foot build-to-suit in Tumwater. Since there is so little land to build new, functional warehouse properties closer to the population centers in Seattle and Bellevue, development south of Tacoma and even Olympia is taking off. Corresponding to increased competition for space, asking rents for warehouse/shell space reached $1.30 per square foot in Seattle Close-in, an 8.3% increase from last quarter.
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Apr 6, 2022

Q1 2022 Eastside Office Market Report

2022 brings a new level of activity for the Eastside office market. In the last two years, since Q1 2020, there have not been three quarters in a row with positive net absorption until now, with the delivery of fully-leased 1001 Towers. Niantic Inc., Intellectual Ventures, Charles Schwab & Co., and Base2 Solutions all signed deals this quarter greater than 15,000 square feet, accounting for almost 185,000 square feet of leasing activity. There are a considerable number of sale opportunities coming to the market, meaning this could be a strong year for office sales on the Eastside. The largest sale of the quarter was American Assets Trust purchasing Bel-Spring 520 from Swift Real Estate Partners for $45.5 million, or $495 per square foot (note: the property was only 69% occupied at the time of sale).
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Apr 6, 2022

Q1 2022 Seattle Office Market Report

The market’s largest occupiers of office space have announced that their employees will return to physical offices, either full-time or hybrid. Amazon, Microsoft, and Meta (Facebook) began returning this quarter while Alphabet (Google) and Apple will return during Q2. Altogether, they represent 9.2%, or 159,000, of all employees in the metro. Once the largest companies are bringing their employees back to offices, smaller ones will follow suit in the next few quarters, if they have not already. In the midst of the Great Resignation, where 3.0% of the workforce nationally quit their jobs in December, a positive sign for Seattle’s future labor supply is that it ranked #1 on the Axios survey of “where college students want to move,” ahead of New York, Los Angeles, Denver, and Boston. As a desirable location for the increasingly valuable pool of talent that fuels the tech-rich environment of the area, Seattle is well-positioned to be a big winner in the war for talent.
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Making a difference in the Puget Sound

Heart of the Puget Sound

Seattle is the largest city in Washington State and the Pacific Northwest. Located between Puget Sound on the west and Lake Washington on the east, Seattle is a unique blend of traditional corporations, older industrial businesses and modern technology firms. The city has a diverse inventory of office and retail space within the central business district; industrial manufacturing and distribution to the south around the Port of Seattle; and multifamily developments throughout the larger incorporated city.

Population: +/- 687,000
Specialties: office, industrial, multifamily, retail, investment

 
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The Headquarters Home

The Eastside, which incorporates all the cities to the east of Lake Washington, is no longer considered a suburb of Seattle. The corporate headquarters of major multi-national organizations such as Microsoft (Redmond), T-Mobile (Bellevue), AT&T Mobile (Bellevue), Costco (Issaquah) and Nintendo USA (Bellevue) are located in the area, and it is recognized as a hub for technology, biotech and medical companies in addition to the entertainment and media sectors. 

Population: +/- 353,000
Specialties: office, industrial, multifamily, retail, investment

 
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The Northern Force

The Northend represents the communities that are north of Lake Washington which consists of all of Snohomish County as well as the cities of Bothell, Kenmore and Woodinville in King County. An industrial-heavy market, the Northend is one of the many homes of Boeing, a staple of the community since 1967. Other large tenants include Aviation Technical Services, Giddens Industries and Zodiac Aerospace.

Population: +/- 295,000
Specialties: office, industrial, multifamily, investment

 
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Distribution Mastery

The Kent Valley, located in South King County, is the fourth largest warehouse and distribution center in the U.S. and the second largest manufacturing and distribution center on the West Coast. It is home to many diverse industries and is rapidly developing into a vibrant urban center with major projects such as Kent Station, the Great Wall Mall and the ShoWare Center. Some of the largest businesses within Kent Valley are Boeing, REI, Columbia Distributing, Alaska Airlines and Starbucks.

Population: +/- 465,000
Specialties: industrial, office, investment

 
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Port Influence

Pierce County, south of King County, is the home of Tacoma, the second largest labor market in Washington state. It is a manufacturing and distribution powerhouse, and the location of the Port of Tacoma, the seventh busiest container handling port in the U.S. This area is home to large industrial and warehouse properties, as well technology and military installations including the U.S. Air Force's McChord Field and the Fort Lewis Army Base.

Population: +/- 500,000
Specialties: industrial, investment

 
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Local leadership

Brokerage teams

Condon McGregor Industrial Team

The Bill Condon and Matt McGregor team of Colliers International are an industrial brokerage group in Seattle WA with specialties in large firm warehousing, manufacturing and logistics facilities.
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Tenant Advisory Group | Puget Sound

Colliers International’s Tenant Advisory Group is a brokerage team specializing in tenant representation and occupier services for office space in Seattle and Bellevue.
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Our offices

Office

Bellevue

11225 SE 6th Street, Suite 240
Bellevue, WA 98004
United States
Office

Seattle

601 Union Street, Suite 5300
Seattle, WA 98101
United States

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