Seattle region’s office market shows signs of life as AI companies bring new stability
By John Cook
Published on July 17, 2026.
The Seattle region's office market, spanning Seattle, Bellevue and the surrounding Eastside, has shown signs of life, with companies occupying more office space than they vacated during the second quarter, according to a report from commercial real estate firm JLL. This shift comes after years of downsizing driven by remote work, layoffs, and corporate cost-cutting. Technology companies accounted for 42.5% of all leasing activity during the quarter, outpacing all other industries. The report also noted that AI-related leasing is on track for a strong year as companies establish engineering hubs in the Seattle region to tap its deep talent pool and benefit from office costs below San Francisco and New York. However, regional vacancy remains at 23.9%, while overall availability is at 25%.
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