he concept of “pop-up hotels” has been around for some time and is typically associated with the ice hotels that dot Scandinavia, Canada, and other countries each winter. But the notion of these “pop-ups” has been expanding recently, as Puget Sound Business Journal reports that a new apartment tower in Belltown may soon be home to a temporary hotel.Read More
WeWork, an international co-working space provider, is greatly adding to its Emerald City footprint, as a recent report by Colliers International reveals that WeWork signed the two largest leases in Seattle in the second quarter of 2018, securing 120,000 square feet of office space at Metropolitan Park East, and an additional 115,000 at 1201 3rd Avenue. Seattle ranked tenth on the list of the nation’s top office markets, but its performance is quite stellar given the strength of WeWork and e-commerce giant Amazon.Read More
For the first time in years, homes in the Seattle area are spending weeks—rather than just days—on the market, bidding wars become an exception to the rule, and sellers are bringing down sales prices to attract buyers in a cooling market. As Seattle Times reports, July 2018 was the first time in four years that the market began to lean in favor of the buyer, as inventory continues to increase, this time at a staggering 44-percent rate in King County.Read More
With construction cranes at nearly every turn in downtown Seattle, it is easy for one to look around at all of the high-rises under development and assume they are condominiums. Yet, as Curbed Seattle reports, “the majority of new residential projects going up in the city—and downtown specifically—are destined to be rentals.” This means that out of the multi-family opportunities in the city, only 7.1 percent will be offered for sale. And this is a far-reaching figure, that covers “not just downtown proper, but lower Queen Anne, Belltown, Pioneer Square, Sodo, First Hill and western parts of Capitol Hill.”Read More
Seattle Mag Talks Changing Home Values & the City’s Most (& Least) Affordable Neighborhoods
The March 2018 print edition of Seattle Magazine asks what Seattle neighborhoods are seeing the most change in values and forecasts the best up-and-coming neighborhoods.
For those looking to purchase in a home where they know there will be some assurance that its value will grow, Zillow analyzed market data to forecast changes in the coming year. Among the neighborhoods expected to see the greatest appreciation are Belltown, at 7.8 percent; Delridge, SODO, Highland Park and Riverview, at 7.2 percent; and Beacon Hill, Georgetown and South Park, at 7 percent. Those with the least positive outlook? The University District, Laurelhurst, Windermere and Bryant, at 3.5 percent; Montlake, Madison Park and Denny-Blaine, at 4.2 percent; and West Seattle, Alki and North Admiral at 4.4 percent.Read More