The commercial markets in Everett and Seattle are showing distinct trends:
📍 Everett, WA:
Office Vacancy: Low at 2.7% (Q3 2023) due to steady demand.
Growth Potential: Developers like Skotdal Real Estate see Everett as primed for expansion.
Workforce Trends: Post-pandemic realities favor local offices over long commutes.
Multifamily Focus: New projects like the 102-unit Mosaic apartments are underway.
📍 Seattle, WA:
Office Vacancy: A challenging 27.6% (Q3 2023).
Declining Values: Office properties face up to a 40% drop in value.
Investor Opportunities: Discounts are enticing developers to lean into acquisitions.
Everett's stability and growth make it a strong contender for investors looking beyond Seattle! 💼🌆
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