Newmark Arranges 266K-SF Industrial Lease Near Seattle
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- The 61st Washington story tracked on the wire in October 2026. All Washington coverage →
- 92 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
Newmark has arranged a full-building lease at Prologis Park SeaTac 3, a 265,922-square-foot industrial facility in Des Moines, Washington. Newmark Executive Vice Chairman Thad Mallory, Vice Chairman Taylor Hoff and Ma…
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