Latest / Industrial Advisors / Seattle Industrial Capital Markets Are Turning | Puget Sound 2026 Update

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Seattle Industrial Capital Markets Are Turning | Puget Sound 2026 Update · Industrial Advisors

• 0:00
  So, uh, as we roll into, uh, you know, when this comes out it'll
• 0:05
  be, uh, just about mid-September.
• 0:07
  So, uh, what's your predictions, capital markets, how we gonna finish, uh, the
• 0:12
  year and, and what's it gonna look like overall and to finish up here?
• 0:16
  I think we'll finish the year really strong.
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  I think especially heading into next year you're gonna see even more aggression
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  from institutional money coming into the Seattle market, especially if
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  some of those big leases get signed that are in the market right now.
• 0:26
  And I think you're gonna see more cap rate compression.
• 0:28
  And we k- we kinda saw a spread between, like Matt said in the
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  beginning, anywhere from a five and a quarter to close to a six.
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  I think you're gonna see that start to compress, and hopefully we get
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  to in- anywhere between a five and a five and a half as we head into 2027.
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  I just think you're gonna see more aggression as our market
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  heads towards eq- an equilibrium.
• 0:45
  Yeah.
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  And I, I think we're gonna see, uh, a few more trades like Lincoln, uh,
• 0:51
  Canyon, um, in, in Frederickson.
• 0:53
  Yeah.
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  Vacant trades probably not beating 135 a foot as I mentioned, but I think
• 0:58
  we'll see, just because there's a lot of, uh, sitting properties- Yeah
• 1:02
  in that size range, I think we'll, we'll see a couple people wanting out
• 1:05
  of them with a couple people going, "I'll take that basis-" Yeah … into a
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  market that's probably recovering- Yeah, totally … and, and get a good position.
• 1:12
  So I'll bet we'll see a, a few trades with brand new product that was not, you know,
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  built to sell empty but, but does trade.
• 1:19
  Yeah, totally agree.
• 1:20
  Yeah.
• 1:20
  So we'll see a couple of more of those.