Commercial/Industrial Real Estate in South Seattle Market
May 11th, 2008 by Tish Johnson
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My observations about the commercial/industrial real estate market have been greatly expanded since joining Colliers International. With a world-wide reach, Colliers is in the top ten on the planet for Leasing, Buying, Selling, Managing and Managing investment real estate. We had a visitor from the Shanghai China office sharing with us some of the differences in how the Chinese invest both in China and overseas, how they view cap rates and what the future looks like in real estate for Seattle and China. Once again, we are sitting on land that is at once closer to Asia than any other and which looks attractive to foreign investors wanting to get a toe-hold in America but that is also limited in its land mass for such investment. With only 5000 acres of industrial property in Seattle, investors will have to go elsewhere as our industrial zoned lands become more scarce in the future.
I have been out to the Port Orchard area where there is still some open land to purchase - reasonably. Once piece I have is over 18 acres, $360,000, less than two miles from the Southworth Ferry dock and with a view of Seattle. Due to zoning, the property can only accommodate one home every ten acres so I am trying to figure out a way to make it a recreational destination. Clear out the underbrush and put in small cabins/camping/scouting outings - all less than one hour from downtown Seattle! Any campground people out there? Call me to brainstorm this. I’ve uploaded some pictures to give you an idea of the place.
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The Author: Tish Johnson
About: Tish Johnson is a Seattle native; through her real estate printing and marketing company, she identifies properties and markets them through networking and print marketing to secures buyers. She is also active in markets in Dallas Texas, San Diego, CA, Grays Harbor County, WA. Specializing in out of state buyers looking to gain a presence in the Seattle and Northwest Markets, she also works with developers to build green housing/developments for use in independent living facilities.
This entry was posted by Tish Johnson, on Sunday, May 11th, 2008 at 7:44 pm and is filed under Featured, Industry News, Real Estate-Comm., Links, Club News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response below.
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