Has Seattle CRE Reached Its Peak?
Maybe Not
Seattle's commercial real estate industry has been going strong for the last eight years. Is it time to get worried about a downturn?
Experts were split on the answer at Bisnow's recent Seattle State of the Market event at the Downtown Four Seasons. On one hand, good times can only last so long, so it is best to prepared for the downturn. On the other, Seattle's situation is unique right now with strong office demand.
Urban Visions Director of Design and Construction Todd Lee erred on the side of caution, since every 10 years there is typically a construction slowdown. SolTerra's President Brian Heather agreed.
“There is a sense of fatigue,” Heather said. “Residential isn't going…
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