Q1 2019 Market Report

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Key takeaways

  • Tenants with leases expiring are surprised by rates jumping 15-30% in the first year of the tenants renewal option—illustrating the lack of office product available and a more landlord friendly market
  • Trader Joe’s is rumored to be filling a portion of a vacant space left by Rosauers. Building plans have been submitted to the city, suggesting they might land at the southeast corner of Eagle and Ustick
  • Strider Group has fully leased Gowen Industrial Park. They have also broken ground on two new concrete tilt industrial buildings off Beverly Street
  • Construction on ‘Project Bronco” the Amazon Fulfillment Center has been delayed for 12-18 months. When complete, it is estimated the center could employ roughly 3,000 people

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Q1 2019 Market Report

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