SEATTLE—The Seattle retail market is stable with moderate positive absorption and new construction driven by a strong investment climate for stabilized centers and single tenant net leased properties. This according to a recent report from Kidder Mathews Valuation Advisory Services.

Washington posted a healthy 7.3% increase in retail sales for 2013 versus 2012. The Puget Sound region increase was better at 7.5%. The Puget Sound region accounts for 64.9% of the state’s total sales volume, which is above its 58.7% share of the population. This is driven by higher income levels and lower unemployment, which in turn attracts a strong mix of retailers.

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