The greater Seattle area is among the top ten metropolitan markets
nationwide for troubled real estate assets, according to a new report.
Real Capital Analytics, a New York research firm, ranked Seattle number nine by volume of its distressed and troubled commercial properties.
At least 85 commercial properties—representing $3.1 billion in
investment—are classified as either “distressed” or “potentially
troubled” in the Seattle area, according to Real Capital Analytics.
However, only six properties are considered distressed, the more dire
of the two categories.
Seattle trailed New York, Los Angeles, Las Vegas, South Florida, the
District of Columbia, San Francisco, Chicago and Boston, according to
the RCA's Troubled Assets Radar report.