Seattle Real Estate Expected to be Hot in 2015

Once again, Seattle ranks among the top 10 markets in the influential Emerging Trends in Real Estate by the Urban Land Institute and the consultancy PwC.  For 2015, it ranks No. 8 overall based on the tech industry, highly skilled workforce and attractiveness to millennials. “Seattle is one of the top capital destinations outside the major core markets,” the report said, “and as such is attractive to institutional and local investors alike.”

Much of the focus is on vibrant downtowns, and here Seattle shines. In general, the report says:

No longer is it accepted that only the great coastal cities can be alive around the clock and on weekends. Downtown transformations have combined the key ingredients of housing, retail, dining, and walk-to-work offices to regenerate urban cores, spurring investment and development and raising the quality of life for a roster of cities. So let’s call these reemergent downtowns “18-hour markets.”

Though they quiet down noticeably in the wee hours, deep into the evening the mix of shops, restaurants, and entertainment truly generates excitement. This is catalyzed by walk-to-work housing that encourages employers in the knowledge and talent industries to keep their offices downtown
— Seattle Times Blog

Read the full article on Seattle Times here.