Parkland/Spanaway

Seattle - WA USA - Industrial Submarket

Industrial real estate intelligence for the Parkland/Spanaway submarket. 17.6M SF of inventory with 13.9% vacancy. Data sourced from various MLS platforms.

17.6MSF

Inventory

2.9MSF

Available

13.9%

Vacancy

16.4%

Availability Rate

$11.92

Asking Rent

5.5%

Rent Growth

703KSF

12mo Absorption

5KSF

Under Construction

Market Metrics

12mo Delivered

665K SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$227

Cap Rate

5.4%%

12mo Sales Volume

$423,782,751

Sales Vol Growth

17557.6%

Asset Value

$4,096,162,856

Net Absorption

+703K 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 (13.9%) in Parkland/Spanaway may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 5K SF indicates developer confidence in the submarket. Positive net absorption of 703K SF over the past 12 months signals healthy demand fundamentals.

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.