There was a good article in the Seattle Times today about how after the existing projects get finished, there's unlikely to be many more commenced for a few years. Aside from the obvious concerns about credit and demand, I actually find these stories partially heartening since the last thing we need is any more inventory on the market.
"Brokers and developers agree that few, if any, proposed office buildings will start construction soon. So many condo projects in downtown Seattle's core have been postponed that there could be nothing new on the market until 2012 once the crop now under construction is completed next year."
Full Article
