That’s right! Seattle is back on top of the city high-rise development list (out of 14 top producing markets) with a survey-leading of 43 construction cranes. Many are surprised to see this increase with all of the uncertainty from the pandemic. The anticipation of a slowdown is on the horizon (as expected) as we move further along into fall and winter.

The abrupt slowing of economic activity makes it hard to forecast what a recovery might look like by many are optimistic with Seattle’s market. Of Seattle’s 43 crane projects, 29 are residential, 6 are mixed-use, 4 are commercial, 3 are civil, and 1 is health care.

The Crane Index survey results is as follows:

  1. Seattle – 43
  2. Los Angeles – 42
  3. Washington, D.C. – 38
  4. Portland – 27
  5. San Francisco – 24
  6. Denver – 18
  7. Phoenix – 16
  8. Chicago – 14
  9. Boston – 12
  10. New York – 12
  11. Honolulu – 8
  12. Las Vegas – 4

To read the full Puget Sound Business Journal article, click here.