Georgetown/Duwamish N

Seattle - WA USA - Industrial Submarket

Industrial real estate intelligence for the Georgetown/Duwamish N submarket. 14.9M SF of inventory with 15.4% vacancy. Data sourced from various MLS platforms.

14.9MSF

Inventory

2.3MSF

Available

15.4%

Vacancy

15.3%

Availability Rate

$17.76

Asking Rent

2.6%

Rent Growth

-104,455SF

12mo Absorption

0SF

Under Construction

Market Metrics

12mo Delivered

0 SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$261

Cap Rate

6.0%%

12mo Sales Volume

$52,444,234

Sales Vol Growth

101.6%

Asset Value

$3,895,560,489

Net Absorption

-104,455 SF

Recent DC Sales in Market

PropertyPriceSFBuyer
EdgeConneX SEA01$13.3M50,150Northwest Building, LLC
4200 194th St SW$15.0M39,604Landmark Dividend
Liberty Mutual Data Center$15.3M71,000Microsoft

Data Centre Development Potential

High vacancy (15.4%) in Georgetown/Duwamish N may indicate availability of conversion-ready industrial buildings for data centre development. Negative absorption of 104K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.

Other Submarkets in Seattle - WA USA

Puyallup/S Hill

35.9M SF13.6% vac$12.49

Auburn

33.1M SF10.7% vac$12.95

Kent Valley N

32.1M SF11.3% vac$12.59

S Everett/Harbor Pt

27.0M SF6.3% vac$15.77

Kent Valley S

21.3M SF11.7% vac$12.93

Port of Tacoma/Fife

22.0M SF12% vac$12.16
Luke Tatman

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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.