The executive managing director at the brokerage firm Lee & Associates says a shadow inventory will only increase in 2019.
Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
Buchanan Street Partners quick closing was critical for the borrower to maintain the timely completion of the project and meet tenant commencement dates in the fourth quarter and first quarter 2019.
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