Belltown apartment building sells as tech fuels Seattle-area market

I am always intrigued by the $/unit number in these apartment building sales. I would think that this would be a relevant number for renters considering buying. This is the price that an investor is willing to pay to rent this space to you (presumably a premium for the right to use it to generate future revenue and a discount for volume). Would you pay that much to own it (or something similar) and control it yourself? Any other thoughts on this data point?

http://m.bizjournals.com/seattle/blog/techflash/2013/11/tech-effect-fuels-seattles-apartment.html

Posted on November 6, 2013 at 7:44 pm
Michael Doyle | Category: Buyers | Tagged , , , , , ,

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