Market Overview

The Seattle commercial real estate market is currently in the midst of an unprecedented growth period for this area. Much of this activity is due to the strong economic factors driving Seattle, including a very healthy job market in the technology, life science, education, manufacturing, and distribution sectors. Some highlights of this market include:

  • Seattle is the nation’s fastest growing large metropolitan area
  • Seattle apartment rents are some of the fastest growing in the country, with a 7.4% increase in the last year
  • The Puget Sound area reportedly added more than 100,000 jobs in the last two years
  • Puget Sound employment is growing twice the national average
  • Puget Sound is a national leader in tech and STEM job growth since 2003
  • Personal incomes for Puget Sound grew over 12% in the last three years and are projected to grow an additional 5.7% for 2015
  • USA Today ranked Seattle as the 4th richest city in the country based on personal finance
  • In 2014, Forbes ranked Seattle the second coolest city in the nation
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Major Seattle Companies

Q1 2015 Seattle Apartment Market Report Q1 2015 Seattle Retail Market Report Q1 2015 Seattle Office Market Report