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Expanding Tech Firms Attract Investors Behind Seattle's Priciest Office Deals in 2018

CoStar Market Insights: Office Investors Increasingly Focus on Area's Tech Corridors
400 Fairview sold in the priciest office building sale of 2018 in Seattle. Pembroke Real Estate purchased the building for $969 per square foot this past July. Photo: CoStar
400 Fairview sold in the priciest office building sale of 2018 in Seattle. Pembroke Real Estate purchased the building for $969 per square foot this past July. Photo: CoStar
By Jared Kadry
CoStar Analytics
January 17, 2019 | 4:08 P.M.

The rapid expansion of tech firms in the Seattle area spurred increased interest from real estate investors, particularly in the city's urban core and the Eastside neighborhood, in 2018. Intent on scooping up higher-end office properties in tech-oriented areas, the competitive bidding led to some pricey deals this past year.

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