At some point in time most regions of the United States go through their growth phases. During the industrial revolution of the 19th century the Northeastern United States was seeing huge economic growth and prosperity. Eventually that faded and the prosperity moved to the Carolina region of the United States.
Texas has seen its share of economic success and for a long time Florida was the focal point of the real estate market both real and imagined. Wanna buy some swamp land in Florida? In the last 20 years or so that real estate prosperity has shifted from the Eastern United States to the Western United States. Las Vegas has been recognized as one of the fastest growing cities in the United States in the past decade and Southern California has always been a spot for real estate investors to make their fortunes.
But there is one area that has been seeing a steady rise in real estate property values over the past couple of decades and has gone largely unnoticed. Seattle real estate has increased in value steadily for some time now and as Seattle real estate continues to increase in value as Seattle continues to grow it remains as the best kept secret in real estate.
Back in the 1970’s the Boeing Company was just coming into its own as one of the premier manufacturer’s of commercial and military planes. At that time Seattle did not have the sprawling downtown with its majestic buildings that it has now. The tallest structure in Seattle was the Space Needle from the World’s Fair and it remained that way for many years. But soon talented and young engineers were settling in Seattle to work for Boeing and Seattle real estate started to take off. Downtown Seattle real estate became prime land and more and more businesses began to realize the many advantages to investing in Seattle real estate.
Smells Like Real Estate Prosperity
In the late 1980’s and early 1990’s Seattle started to become known for more than just Boeing. The grunge rock scene started in Seattle and soon Seattle real estate became even more coveted. Soon record labels were setting up shop in Seattle and musicians and artists were pouring in from all over the world to try and make it big in show business. Once again Seattle real estate took off and it has not stopped.
Boeing has since announced moving most of its offices out of Seattle but with major international corporations such as Starbucks still headquartered in Seattle it looks like Seattle real estate will just keep on rising in value for the foreseeable future.
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