CBA’s Commercial Market Analysis (CMA) Sales Report tracks commercial real estate sales activity and trends across Washington State at the market and submarket level. This quarterly report examines Q1 2026 activity across office, retail, industrial, multifamily, and land sectors.

Washington State’s commercial real estate market opened 2026 with steady momentum. Across the nine counties tracked by the Commercial Brokers Association (CBA), Q1 2026 recorded 522 transactions totaling $2.70 billion, compared to 471 transactions and $2.64 billion in Q1 2025, a 10.8% increase in transaction activity and a 1.9% rise in total sales volume.

While the overall market remains resilient, Q1 activity shrunk from Q3 and Q4 2025, both of which approached 600 transactions and approximately $4 billion in total sales volume. The worst of the downturn is in the rearview mirror, but recovery is uneven depending on asset class.

About This Report

CBA researches office, retail, industrial, multifamily (5+ units), and land sales of $250,000 or more in Benton, King, Kitsap, Pierce, Skagit, Snohomish, Spokane, Thurston, and Whatcom counties. Raw data is sourced directly from the CBAcma database.

CBA is currently reviewing additional market areas that could benefit from in-house research. If your market isn’t currently covered and you think CBA could help, please reach out.

For questions about this report, contact Binh Truong, VP of Market Data and Business Development, at binh@commercialmls.com or 425-952-2727.