CONTACTS

Lloyd Ball
Managing Broker | President
206.947.5053 | Lloyd@anomalyco.com

Rebecca Sawyers
Broker | Account Executive
206.773.6655 | Rebecca@anomalyco.com


OFF-MARKET OPPORTUNITY

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SUMMARY OF QUEEN ANNE MARKET

After a heavy supply wave that in the beginning of the cycle, Queen Anne has recovered well and vacancies are lower than the metro average. Developers are taking notice and more high-end supply is slated to deliver over the next few years, mostly in Lower Queen Anne, a neighborhood that has been dubbed "Uptown" by some.


Despite relatively high rents, the submarket still offers a discount to surrounding areas like Downtown Seattle and Lake Union. There has been a sizeable supply boom in the submarket and it has kept rent growth among the lowest in the metro this cycle. Price appreciation is evident, and sales volume in 2017 was a banner year mostly made up of smaller properties. Transactions are off to a great start in 2018, with first quarter volume exceeding $70 million thanks to two large institutional deals and several other high-end properties trading in subsequent quarters.

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372 Aloha St, Seattle, WA 98019

KING COUNTY RECORDS

 

12

Units

784

Avg SF/Unit

9,418

Rentable SF

10,240

Lot SF

1951/1987

Yr Built

LR-3

Zoning

 
 
 
Aloha operating 4.GIF
 

SITE LOCATION