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February 06, 2015

Commercial real estate firms grow as capital pours into Northwest

Puget Sound Business Journal

Stephanie Forshee

Commercial real estate leasing and sales created a healthy market in 2014, which in turn, meant there was a need for more people on hand to make those deals.

Jeff Lyon, chairman and CEO of Kidder Mathews, said he was surprised by the amount of capital that kept pouring into the Northwest in 2014. Equally notable was the diversity of the buyers.

"There has been no lull in activity, and we don't expect one anytime soon," he said.

Lyon's commercial real estate firm topped the list with 166 full-time licensed commercial agents in the Puget Sound area. Kidder Mathews' total is almost four times as many people as the No. 5 company.

Kidder Mathews' agents collectively sold or leased about 31.3 million square feet of space last year. This was made up of 436 sales transactions and 2,015 lease transactions.

CBRE is now up to 141 commercial agents, a number that has doubled since 1999. Colliers International's numbers have fluctuated over the years, though. The firm reported 80 commercial agents 15 years ago, but is now down to 63 agents. Even with the drop, Colliers makes our Top 5.

For the full story, go to Puget Sound Business Journal.

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