Pattatoni’s 402K-SF Des Moines Creek Business Park West Fully Leased
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 16th Washington story tracked on the wire in October 2026. All Washington coverage →
Computed from Real Estate Trail’s own tracked coverage
Newmark has arranged the full lease-up of Des Moines Creek Business Park West, a newly developed 405,680-square-foot industrial facility at 1800 S. 216th Street in Des Moines, Washington. The property was developed by…
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