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October 1, 2009
Office vacancy rose and rents fell in downtown Seattle and Bellevue as well as in the suburban Eastside market in the third quarter, according to a Cushman & Wakefield report released Wednesday.
Downtown Seattle vacancy climbed to 18.5 percent, a nearly four percentage point increase over the second quarter. The jump reflects downsizing by tenants, vacant space at the former WaMu Center, and the addition of the Fifth & Yesler and 2201 Westlake office projects to the market, the firm said.
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