Conditions in Seattle ripe for condo conversion boom

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An “extraordinarily low” supply of condos in downtown Seattle — just 98 were on the market last month — and a dearth of planned construction could fuel a resumption of condo conversions as the number of jobs in the region continues to grow at a pace of nearly 3 percent a year, the Puget Sound Business Journal’s Marc Stiles reports, citing a report by Marcus & Millichap. Source: bizjournals.com.