Assuming what's good for the office and retail market is good for the condo market, Seattlelites have something to look forward to! Of course, being best in the country right now is like being called one of the tallest dwarfs but we'll take what we can get right?
Seattle will be among the top five markets nationally for investment in office and retail properties over the next five years, according to a new national report by Santa Ana-based real estate firm Grubb and Ellis Co.
Grubb & Ellis is predicting a “continued sluggish recovery” for commercial real estate in 2012, with gradual improvement in leasing and sales of commercial properties.
The growth of high-tech and bio-tech companies put Seattle second only to San Francisco among the U.S. markets predicted to be best for investment in office buildings.
Here's the full article. Not a bad way to start 2012 :-)
