{"id":9318,"date":"2026-09-16T11:20:00","date_gmt":"2026-09-16T18:20:00","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=9318"},"modified":"2026-09-16T11:23:45","modified_gmt":"2026-09-16T18:23:45","slug":"q2-2026-office-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-office-market-report\/","title":{"rendered":"Q2 2026 Retail Market Report"},"content":{"rendered":"<div id=\"pl-9318\"  class=\"panel-layout\" ><div id=\"pg-9318-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9318-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9318-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-c4f6304fc136-9318\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/07\/Q2-2026-Puget-Sound-Market-Report.pdf\"\n\t\t\ttarget=\"_blank\" rel=\"noopener noreferrer\" \t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/07\/Cover-Page.png\" width=\"396\" height=\"512\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/07\/Cover-Page.png 396w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/07\/Cover-Page-232x300.png 232w\" sizes=\"(max-width: 396px) 100vw, 396px\" title=\"Cover Page\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><div id=\"pgc-9318-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-9318-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-9318-0-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<div id=\"panel-38137-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"0\">\n<div class=\"panel-widget-style panel-widget-style-for-38137-0-0-0\">\n<div class=\"so-widget-sow-editor so-widget-sow-editor-base\">\n<div class=\"siteorigin-widget-tinymce textwidget\">\n<h2>RETAIL MARKET OVERVIEW<\/h2>\n<p>Retail continued to struggle in the 2nd quarter of 2026. Sales volume was up on 20,000+ square foot tenants. Cap rates continued to rise slightly. Sales prices dropped $30 per square foot to $261.73 per square foot as construction stayed fairly steady with just under 1.2M square feet of new retail underway. Absorption was positive with 47,000 net square feet being taken off the market. Retail rates stayed pretty steady at $36.83 per square foot. <a href=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/07\/Pacific-Northwest-Retail.pdf\">READ MORE &gt;<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-9318-0-1-1\" class=\"so-panel widget widget_sow-button\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-b2e721af0909-9318\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-left\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/research\/\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tNATIONAL REPORTS\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><div id=\"panel-9318-0-1-2\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-c4c46ef2d678-9318\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-left\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/commercial-real-estate-research\/\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tRESEARCH ARCHIVE\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-9318-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9318-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9318-1-0-0\" class=\"so-panel widget widget_sow-button panel-first-child panel-last-child\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-wire-88f4b320eb99-9318\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/07\/Q2-2026-Puget-Sound-Market-Report.pdf\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tFULL REPORT\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><div id=\"pgc-9318-1-1\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-9318-1-2\"  class=\"panel-grid-cell panel-grid-cell-empty panel-grid-cell-mobile-last\" ><\/div><div id=\"pgc-9318-1-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-9318-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9318-2-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-9318-2-1\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-9318-2-2\"  class=\"panel-grid-cell panel-grid-cell-empty panel-grid-cell-mobile-last\" ><\/div><div id=\"pgc-9318-2-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>RETAIL MARKET OVERVIEW Retail continued to struggle in the 2nd quarter of 2026. Sales volume was up on 20,000+ square foot tenants. Cap rates continued to rise slightly. Sales prices dropped $30 per square foot to $261.73 per square foot as construction stayed fairly steady with just under 1.2M square feet of new retail underway. Absorption was positive with 47,000 net square feet being taken off the market. Retail rates stayed pretty steady at $36.83&#8230;<\/p>\n","protected":false},"author":183,"featured_media":9324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1136,1086],"tags":[1137,1186,1187],"class_list":["post-9318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-report","category-retail","tag-market-report","tag-multifamily","tag-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q2 2026 Retail Market Report - Lee &amp; Associates Pacific Northwest<\/title>\n<meta name=\"description\" content=\"Read the Q2 2026 Puget Sound Market Report with expert analysis of office, industrial, multifamily, and retail commercial real estate trends.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-office-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q2 2026 Retail Market Report\" \/>\n<meta property=\"og:description\" content=\"Read the Q2 2026 Puget Sound Market Report with expert analysis of office, industrial, multifamily, and retail commercial real estate trends.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-office-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; 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