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Residential Pipeline: 147 Projects Worth $3 Billion

By March 10, 2016

projectatlas1
Market Report

projectatlas1

RealMassive, a commercial real estate portal dug into the Seattle Department of Planning’s database to see what the residential pipeline holds:

The permits database is somewhat messy and includes everything from a 40-story high-rise tower to replacement of landscaping. Rather than spend the next week looking through all 5,000 permits I have reduced the field to just those valued at $5 million and over, most of which are construction of new apartment units (though there were still several small projects below that threshold). This narrows the database to a more manageable, but still pretty impressive 147 projects with a combined value of just over $3 billion.

Wow!