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May 2017

PSBJ's Crane Watch Tool

Crane photoLate last month the Puget Sound Business Journal unveiled an interactive, mobile-friendly tool for the curious public to learn more about all the buildings under construction in the Puget Sound region.

Dubbed "Crane Watch", the tool features a map with icons pinpointing each large project where a crane is situated. Clicking on the icon reals the project address, description, name of the owner/developer, project cost, status, estimated completion date, and links to stories that have been published by PSBJ.

Currently, Crane Watch encompasses downtown Seattle and Bellevue, but the weekly publication plans to expand to include most Seattle neighborhoods plus other "development hot spots" on the Eastside. The focus is on the largest commercial, industrial, and multi-family projects.

"It's not just fun, though. It's big business," wrote real estate reporter Marc Stiles. He cited a report by the 850 member Washington State chapter of NAIOP, the Commercial Real Estate Development Association summarizing last year's statewide economic impact of commercial development. That group's research indicate real estate development and operations supported 43,130 jobs and contributed $6.3 billion to the state's gross domestic product. Wages and salaries to workers across the state totaled $2.1 billion.