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February 18, 2021

CBRE says we're No. 5!

Miller

In an inaugural report, CBRE issued what it calls the U.S. Development Opportunity Index. That national analysis ranks cities in categories including multifamily, offices, retail and industrial. Seattle scored in the top ten for all those. Then, in the blended Opportunity index, CBRE placed Seattle at the No. 5 position. The top four were, in descending order, Atlanta, Dallas, Phoenix and Orlando. (Portland was No. 26, so there.) CBRE's John R. Miller said in a statement, “Seattle's desirable lifestyle, highly educated workforce and continued job growth, particularly in the technology, e-commerce and life sciences sectors, are driving employers to need more capacity for their product and employees. Even in the most recent downturn, developers continue to bet on these strong fundamentals and are finding above-average returns in our market as a result.”




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