Puget Sound Industrial Market Trends and Predictions for 2026

In this Five-Minute Friday episode of the Industrial Advisors Podcast, Bill Condon and Matt McGregor discuss recent trends in the Puget Sound industrial real estate market, focusing on net absorption and market activities. They highlight the market's positive momentum over the past 45 days, the potential closing of several deals by year-end, and outlook for the coming years. The hosts predict a slight negative absorption for the current year but are optimistic about significant positive absorption in the first half of 2026, driven by major deals involving companies like Amazon and other substantial projects. The episode concludes with forecasts for the end of the year and the first two quarters of 2026.

00:00 Market Momentum in the Last 45 Days

00:29 Introduction to Five Minute Friday Industrial Advisors

00:40 Net Absorption and Year-End Predictions

01:01 Big Deals on the Horizon

01:22 Amazon's Potential Moves

01:49 Activity in the 1 to 200 Range

02:21 Market Picking Up in the 20 to 50 Range

02:35 Year-End and 2026 Predictions

03:19 Conclusion and Farewell