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Driven by large renewals, sizeable new leases and substantial tenant move-ins, class-A office buildings continue to lure users looking to attract and retain employee talent, and as a result, drive up rents.
The recent purchase of Link Studios Apartments represents Mt. Baker Housing's first new construction and a rare open-market acquisition by a nonprofit developer for affordable housing.
Institutional organizations, in particular, are increasingly investing in the Seattle area as the demand for last mile and centrally located properties pushes rents to record levels, such as the recently sold 3002 Lind Ave. SW.
The South Tacoma industrial market is recording strong demand growth, fueled by a large labor pool and a lack of available product, which is why Bridge Point Lacey represents a rare opportunity for distribution space.
Properties such as The James have recorded near double digit year-over-year rent growth due to the large disparity between rents in downtown and suburbs as renters desire higher-quality units near jobs.
In the first half of the year, Skanska purchased a 77,000 square-foot land parcel at the corner of 108th Avenue NE and NE 8th Street in downtown Bellevue with plans to develop a class-A office property.
However, there are two reasons why tokenization is worth the trouble: liquidity and fractional ownership, both of which present opportunities to reduce costs and friction in the investment process.
Considered one of the strongest housing markets in the country, Seattle has recorded unprecedented gains in the condo market with increasing median sale prices and low inventory.
The Puget Sound region gained 67,860 people during the last year as the region's total population reached 4.135 million and since 2010, there have been more than 440,000 new residents.