Virgin on Business: The (Un)real Estate Boom
Its coming, because this time is always the same as last time. Right?
The term see-through building described not an architectural design style but the leasing status of downtown Seattle office buildings in the early 1990s, the result of a surge of speculative construction spurred by all the demand for space that was expected to arrive and didnt. Its been a while since anyone used that figure of…
Rental Market May Finally Be Cooling Down in Greater Seattle. Still Hot in Tacoma.
With new units on the market and occupancy down, rents are growing more slowly.
In a sign of what could be the beginning of the end for the hot rental market, average rents are no longer growing at a torrid pace. While average monthly rents increased by 5.6 percent to $1,777 in the Seattle/Bellevue/Everett area in September from the year before, average rents actually declined slightly from the previous…