Thursday, October 18, 2007

Seattle is a great place to own commercial real estate, except it lacks transit

According to a recent report by the Urban Land Institute, Seattle is one of the nations best five markets for commercial real-estate. Basically, more real estate professionals nation wide rank Seattle as a "buy" than any other markets. Must be why I can see 12 cranes from Melrose street looking over South Lake Union (and that's just SLU, there's more in downtown, Belltown, First Hill and even Queen Anne). The report did mention transportation as a major problem for , the DJC explicitly mentions transit, but the P-I version only mentions "transportation".

We can only continue growing this way if we improve our infrastructure. Thanks to Ryan for the link!

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