Puget Soundsales velocity shows a skyrocketing volume in 2019 for the localmarket.
SEATTLE—A potent combination of investor confidence, continuedjob growth and the excise transfer tax increase led to arecord-setting year of multifamily investment sales in the PugetSound region, according to the 2020 market study released by DylanSimon and Jerrid Anderson of Kidder Mathews. Seattle still shinesin King County, but suburban markets are ramping up as the marketcycle matures, and renter and investor demand shift out of thecore.
"Entering the 127th month of this expansion cycle, we have solideconomic fundamentals for persistent growth and stability in boththe short term and the long term throughout the Puget Soundregion," says Simon.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
