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Real Estate

Lynn Porter
Real Estate Editor
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June 28, 2007

Real Estate Buzz: 'There has to be a top to the market'

Real Estate Editor

Colliers International Senior Vice President Reynolds Haas said he expects the Seattle commercial real estate market to be as active this year as last, but he predicts prices won't rise as quickly as they have in the last two years.

“There has to be a top to the market,” Hass said during Colliers' update on the second quarter office and industrial markets. Haas said we're approaching the point where prices will go higher than replacement costs. Already, he said, the price per square foot being paid locally is at or near record levels.

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