Seattle continues to be a sought after city to relocate to, attracting Apartment and Retail/Office investors. Vacancy rates remaining under 4% for more than 3 years while average rent has increased by 30%. The median income downtown is reported to be $70-$80K a year.
Other urban neighborhoods surrounding Seattle continue to rise in value but are still considered affordable investments. These urban areas include: Columbia City, Bremerton, Olympia, Mount Vernon, Oak Harbor and Shelton.
Seattle’s industrial market remains strong for early 2018. The overall average asking rent is $7.45 SF.
Featured commercial listings in Seattle, Washington
$1,800,000 Multifamily 4 units
7810 E Green Lake Dr Seattle, WA 98103
Listing Agent -Candice Chevaillier 206-275-1000
SVN Whitecap is pleased to be the exclusive agent. Features a 4,277 square foot corner lot (per King County records), zoned LR3 on the Green Lake’s coveted waterfront.
$17,250,000 2 Properties
2727 W Manor Pl, Seattle
3520 28 Av. Seattle,
Listing Agent – Jerry Sankey Apartment Investment Advisors 206-407-0220
Prominent corner location adjacent Magnolia Manor Park and P-patch. Large units and VIEWS. The buildings have “good bones” and have been well maintained.
$6,195,000 Multi-Family 19 units
730 N 85th St, Seattle WA 98103
Listing Agent – David Petersen 206-623-8413
Terra Apartments. Situated in the Greenwood neighborhood just north of the Seattle CBD The Terra Apartments are four blocks from the heart of the Greenwood Business District.
For more information on our highlighted properties, please call them or click on the agents name to be taken to their website.
For financing information on these or any property, please call us at FACC, First Alliance Commercial Capital. 720-608-1644