Seattle Commercial Real Estate watches all markets carefully and one of the most dynamic is the demand for “Close-In” industrial real estate. That means within easy driving distance and a minimal commuting time of downtown Seattle. We recently closed an unusual transaction that clearly defined “close-in.”
The dynamics of this market are clearly represented by the invesments of the Prologis Real Estate Company. The have acquired over $307.6 Million worth of properties in 11 transactions in just the last four years. What is more significant and representative of the market is the Georgetown Crossroads project. This is one of the first multistory industrial buildings built in the United States and clearly emblematic of the demand for close-in industrial real estate.
Seattle Commercial Real Estate recommends that our clients in the industrial arena come prepared to make a clear decision and procure the ability to respond to the demand for the scarce commodity of close-in industrial real estate.