In a recent report by the Urban Land Institute, Seattle is forecasted to move from seventh to sixth position in the nation for real estate growth.
Investors see Seattle as a technology hub containing well educated residents backed up by being an international port and a gateway to Asia. ULI’s Steve Blank believes that the US economy is only in the “middle innings” of recovery, with the best yet to come.
Even with the fast-paced growth of the Seattle residential real estate market in 2013, the biggest growth is predicted to be in the industrial space. As more business are moving from “brick and mortar” to online, businesses are looking to occupy more warehouse space versus building out new retail store locations.
There are other benefits to investing in industrial space including low maintenance costs, easy transitions between tenants, and opportunities to invest are available in the yet-to-skyrocket suburban areas.
The Urban Land Institute will be presenting its Emerging Trends in Real Estate 2014 report during an event at the Westin in downtown seattle onNovember 19th at 7:30 a.m.For more information on the event, emailNorthwest@uli.orgor call(206) 224-4500.