Tacoma Industrial Vacancy Rises 11% as Leasing Activity Slows Sharply in Q2
Key Takeaways Vacancy Rate Hits 11% : Tacoma’s industrial sector is experiencing its highest vacancy rate in years, as leasing activity falls sharply. Landlords Increasing Concessions : While rental rates remain mostly stable, landlords are offering more incentives to attract and retain tenants. Construction on Hold : Limited land availability and rising development costs have stalled new industrial projects, raising concerns about future stability. Mounting Pressure in Tacoma’s Industrial Landscape Tacoma’s industrial vacancy rate has soared to 11% in Q2 2024, the highest seen from the Tideflats to Commencement Bay. Leasing activity has plummeted, leaving a surge of empty warehouses and fueling fierce battles among landlords for tenants. Risks to long-term stability mount with every vacant loading dock. Discover what’s pushing Tacoma’s industrial market to the brink. Tacoma Industrial Market Faces Unprecedented Vacancy Surge How quickly can the tides turn in the shadow of...
