A potent combination of investor confidence, continued job growth and the excise transfer tax increase led to a record-setting year of multifamily investment sales in the Puget Sound region, according to the 2020 market study released by Dylan Simon and Jerrid Anderson of Kidder Mathews. Seattle still shines in King County, but suburban markets are ramping up as the market cycle matures, and renter and investor demand shift out of the core.
For the full story, go to GlobeSt.com.
© 2020 ALM Media Properties, LLC. All rights reserved.