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November 16, 2010

Commercial property sales surge 73% in Seattle

By JOURNAL STAFF

The dollar value of commercial property sales in the greater Seattle area through the 12 months that ended Sept. 30 was nearly $2.5 billion, or 73 percent higher than the same period ending in September of 2009, according to new figures from LoopNet.

Sales of multifamily and office properties surged here. Data from LoopNet and Real Capital Analytics show that office sales in the Seattle area jumped to more than $1.4 billion. That's up more than 2.5 times. Apartment sales increased 38 percent this year to $615 million.


 
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