This article is a great insight into the future of Seattle Economy and Real Estate.
Some Excerpts from the Article
With its easy port access to Asia, hot office market and international airport, Seattle's got it going on -- or so says the Urban Land Institute's emerging trends report, which pegs the Emerald City as one of the nation's top five "global gateway cities."
The U.S. cities that will perform the best next year will be coastal metropolises with easy access to the rest of the globe, according to the report co-compiled by PricewaterhouseCoopers and released locally today. Seattle's office market leapt over New York and San Francisco into the No. 1 spot with more real estate experts rating it as a "buy" than any other city.
The report calls cities such as Seattle "expensive and elitist," meaning that "people pay a premium to live in them." But companies pay handsomely for brainpower, so employees can afford to live in these places.
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