December 12, 2013
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Image courtesy of Studio 216
Schnitzer Northwest is developing Madison Centre, a 750,000-square-foot office building in downtown Seattle.

Empty strip mall? Here’s how to fill it
Six industries are set to quickly expand during the next five years and represent promising tenant targets for lessors.
By AGATA KACZANOWSKA
IBISWorld



Commercial property owners deal with rising flood insurance
For many years, flood insurance was essentially a “throw-in” with earthquake insurance. That has changed due to local and national events in recent years.
By ERIK KUHN
HUB Northwest



40-year-old plan could amp up downtown livability

Drawing from the Denny Regrade Development Plan, city leaders could encourage property and business owners to improve their sidewalks with amenities such as trees, planters, benches, tables, chairs and awnings.
By DENNIS HASKELL
SRG Partnership




Easements: Not just for highways and driveways
Easements can be creative, less-expensive alternatives to fee simple real estate transactions.

By FAITH A. ROLAND
Roland Resources










2013 DJC Real Estate Market Surveys

Schnitzer West

Lake Union Partners

Flinn Ferguson

Wright Runstad and Co.

Barrientos LLC

Thomas Co.

Urban Visions

Wallace Properties




State of the Market: Multifamily rides Seattle’s strong job market
Investors are paying premiums to enter core Seattle neighborhoods, while still achieving yields that are better than the San Francisco, Los Angeles and Vancouver, B.C., markets.

By TRAVIS ANDREWS and ERIC SMITH
Paragon Real Estate Advisors


State of the Market: Retailers cash in on strong local market
Puget Sound regional malls have consistently reported sales increases above the national average and for many tenants, some of their best performing locations are in the Pacific Northwest.

By SUSIE DETMER
Cushman & Wakefield



State of the Market: Is a banner year on tap for industrial properties?
With most of the low-cost space options off the market, 2014 could see a push by landlords on rates and a downward trend on concessions.

By THAD MALLORY
Kidder Mathews



State of the Market: Fledgling tech likes ‘gritty’ office buildings
Some tenants see office space as a way to hire and retain talent while others treat it as a commodity.
By DAN DAHL
Colliers|Seattle






Real Estate Marketplace Northwest 2013 team

Section editor: Benjamin Minnick

Section design: Jeffrey Miller

Web design: Lisa Lannigan

Advertising: Matt Brown

Surveys: Lynn Porter • Jon Silver • Nat Levy • Sam Bennett



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CADD Northwest (www.caddnw.com)

GLY (www.gly.com)

Gray Lumber Co. (www.graylumber.com)

SMACNA (www.smacnaww.org)

Trash Transit (www.transtransit.com)

PopChips (www.popchips.com)




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