Hottest Industries Emerging from PNW
According to GeekWire, “33 companies have joined the list and nearly a third of them sell business software, building on a strong local enterprise acumen buoyed by Microsoft’s longtime presence and...
Amazon Confirms Lease of New Bellevue Office Tower
Amazon has officially confirmed that the company will be leasing Summit III. This will be a 17-story office tower located at 320 108th Avenue NE in downtown Bellevue. Amazon’s lease will take more...
Mortgage Rates May Reach Record Low by Year’s End
By the end of this year, the 30-year fixed-rate mortgage could drop to 3.3%, which would put the most popular loan product near its lowest average since Freddie Mac began tracking such data 48 years...
Eastside Market Update – August 2019
EASTSIDE TALKING POINTS - AUGUST 2019Interest rates are at 3.62% vs. 4.55% from a year ago. A one percent change in interest rate is a 10% change in purchase price. Now is the time for buyers to take advantage...
Aggressive Expansions Fuel Seattle Office Market
The Puget Sound regional office market continues to tighten despite the number of active cranes. Second quarter reports from various commercial real estate brokerage houses reveal “aggressive expansions...
Microsoft uses its Technology to Communicate Campus Renovation Updates
Using the company’s technology during the headquarters build-out, Microsoft employees are able to use their phone to see a fully rendered model of a particular section of the campus and not the...
Local Market Update – August 2019
The real estate market continued to moderate in July. Inventory rose and home values softened, providing buyers with increased selection and more favorable pricing. With strong job growth and interest rates...