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After Seattle's Commercial Real Estate Market Thrived in 2019, Cautious Optimism Is a Must

CoStar Insight: A Review of How Seattle's Property Sectors Fared and What to Look Out for Next Year
Seattle's commercial real estate outperformed this year despite fears of an economic slowdown. (Alireza Borhani/Flickr)
Seattle's commercial real estate outperformed this year despite fears of an economic slowdown. (Alireza Borhani/Flickr)
By Jared Kadry
CoStar Analytics
December 27, 2019 | 9:03 P.M.

As the decade comes to a close, it’s important to observe where the commercial real estate market stands in Seattle. A lot has happened in the past year and the economy continues to outperform, despite previous predictions of an economic slowdown, which has ultimately translated to one of the best years in Seattle’s history. In order to understand where the market stands at a pivotal time, let’s examine how the four main commercial real estate types fared this year and what to look out for in 2020.

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