Seattle Warehouse Rents Jump 12% After Amazon Hub
Amazon's Expansion Drives Unprecedented Warehouse Demand Seattle's industrial real estate market has hit a critical inflection point, with warehouse rental rates jumping an unprecedented 12% over the past year. This surge has sent shockwaves through the region's logistics and supply chain networks. The dramatic increase is largely due to Amazon's expanding fulfillment operations, which have fundamentally altered warehouse demand patterns across the metropolitan area. Smaller businesses are now forced to compete with deep-pocketed corporations for prime logistics real estate. Amazon's recent mandate requiring employees to return to the office five days a week has further intensified demand for logistics facilities serving the downtown core. Supply and demand imbalances have reached critical levels as logistics challenges multiply throughout the region. The shortage of available warehouse space has created a landlord's market, with property owners commanding prem...