Meet, Eat and Learn with OfficeSpace.com!

What can I do to enhance my listings on OfficeSpace.com? Am I utilizing all of the services offered with my membership? How do I edit my listings and follow up on tenant leads? If you’ve ever asked yourself any of these questions or simply just want to learn how Officespace.com can help you as a real estate professional, we encourage you to attend our Lunch & Learn! We hold one monthly in the hope of providing professionals with additional education on our Broker tools and services. The hour long session covers everything from website navigation to services and tools that we’ve put in place to help you gain better access to active tenants and data. While we’re always available to provide support by phone or online, we understand the importance of face-to-face demonstrations – sometimes you just have to see it to understand it! And the best part? Lunch is on us!

For more information on our monthly Lunch & Learn, see below:

When: The last Wednesday of every month (mark your calendars for May 28th to attend the next one!)

Time: 12 PM-1:30 PM

Where: 1301 5th Ave, Suite 1717

RSVP Required? Yes. To RSVP, please send an email to heimb@officespace.com confirming that you’d like to attend anytime before the day of the session.

If you have any specific topics that you’d like us to cover in our next session, send them our way! We’ll make sure to add it to our agenda if it isn’t already included.

Rates Continue to Improve in Seattle Office Market as Economy Strengthens

The year started on a high note for the Seattle office market with stronger vacancy and rental rates, as well as positive absorption by the end of the first quarter.

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With the strong economy in Seattle, vacancy rates improved to 13.50% compared to 13.68% in Q4 and 15% in Q1 of last year. Additionally, asking rental rates continued to improve to a high this market has not seen since Q3 of 2008.

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The quarter’s year-to-date absorption ended on a positive at 84, 809 square feet. Projected new office space inventory under construction jumped up to by 1.7 million square feet with two notable projects – 400 Fairview and Troy Block in Lake Union, 1007 Stewart Office Tower in Central Business District and Hawk Tower at Stadium Place in Pioneer Square.

To purchase the full quarterly report or for further information, please contact John Heimbigner at heimb@officespace.com.