In what should come as great news for Seattle rental property owners, Seattle is one of the best real estate markets in the United States, according to the Urban Land Institute’s influential Emerging Trends report, which digs deep into the prospects for 2013 and includes interviews with top investors and developers. The survey is compiled along with PriceWaterhouseCoopers.
Seattle was ranked 7th overall for investment, home building and development.
Apartments are hot nationwide, and Seattle is no exception according to investors.
“As the global center for the software industry, Seattle continues to be the focus of many domestic and global investors,” the report states.
Another big advantage is Seattle’s density, walkability and abundant transit, all of which are increasingly in demand, particularly by younger adults. That population, which is closely watched by investors and developers, grew here by 20 percent over the past decade.
Bellevue is specifically noted as a market, near “booming Seattle,” which many investors may find inviting.
All this should be especially good news for owners and property management companies in Seattle and Bellevue.
To read the full article in the Seattle Times, go here http://seattletimes.com/html/businesstechnology/2019468862_biztaltoncol21xml.html