Closer to home, the Seattle Post Intelligencer reports that Seattle is one of three cities where
commercial real estate prices are in a different league from the rest of the
country. The nation is bifurcated between the coasts and
center when it comes to commercial real estate, and "really has two, maybe
three really hot markets: San Francisco, New York and Seattle," billionaire investor Sam Zell said
on FOX Business Network's Opening Bell with Maria Bartiromo.
"Those three
markets have pricing that's very different from the rest of the country.
Historically, whenever those spreads have widened to this point, it's led to a
recovery or improvement in the center, as the cost differential forces people
to make decisions," he said.
Seattle is a great investor's market for both residential and commercial properties, and I invest in both. Our mixed-use artist live/work transit-oriented development at the Rainier Light Rail Station has been approved by the City's design review board to move forward to the Master Use Permit stage. We are scheduled to close on the land purchase July 14.
For more information on real estate investment opportunities in the Seattle market, email me at HomeLandInvestment@gmail.com and stay tuned to this blog!
Happy Investing!
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