This is the second in a series of in-depth analyses of submarket-level trends that we’ve observed in recent years.
By: Capital Markets Team
Market Update: Bel-Red Development and FAR
The Bel-Red Corridor has emerged as one of the strongest markets on the Eastside. A combination of upzoning, light rail, and tremendous demand for commercial space and multifamily is driving its growth.
We’ve reviewed numerous projects that are in various stages of development, and analyzed a subset of developments that are being built below the maximum allowable FAR.
See how the Bel-Red Corridor is transforming.