Puget Sound Industrial Figures Q1 2025

Economic uncertainty has temporarily slowed growth in the market, but tenants and investors remain optimistic about future expansion and the region has continued to add new, high quality space. 

In the Kent Valley, third-party logistics companies (3PLs) continued their trend of rightsizing in Q1 2025, resulting in negative net absorption of 435,568 sq. ft. 

Industrial sales volume in the five-county Puget Sound region increased by 11% compared to Q4 2024, reaching $427.5 million. The total square footage sold during the quarter totaled 1.88 million sq. ft., marking a notable increase in buyer activity.