by Karli Schwab | Apr 4, 2023 | Advisor Insights, Blog, CRE Trends
By: Nate Gant, SVN Cornerstone Advisor Between Q2 of 2020 and Q3 of 2022, vacancy rates in Spokane County shrank to historically low levels. At that time, CoStar was reporting between a 1% and 2.1% vacancy rate. As a landlord, if you posted a unit for rent, you...
by Karli Schwab | Mar 10, 2023 | Advisor Insights, Blog, News
New City of Spokane Ordinances March 2023 Two new ordinances (#36330 and #36366) were recently passed by the Spokane City Council, which will undoubtedly affect the financial position of property owners and landlords. Below is a summary of the main points from the new...
by Karli Schwab | Mar 3, 2023 | Advisor Insights, Blog, CRE Trends
By: Omar Sadaoui, SVN Cornerstone Associate Advisor NAIOP released their Industrial space demand forecast for Q1 2023. Here at SVN Cornerstone, we continually monitor absorption levels, and expect a new wave of large Class A deliveries to hit the market in 2023...
by Karli Schwab | Mar 3, 2023 | Advisor Insights, Blog, CRE Trends
By: Nate Gant, SVN Cornerstone Advisor Owner financing is becoming an attractive option for both buyers and sellers in today’s lending environment. This financing method can make it possible for buyers to purchase a property without having to rely on a...
by Karli Schwab | Feb 9, 2023 | Advisor Insights, Blog, CRE Trends
By: Nate Gant, SVN Cornerstone Advisor As interest rates climbed in 2022 and Spokane rents hit a ceiling in September 2022, we observed that what buyers could pay for a property decreased. Despite this, Seller’s price expectations remained the same. To resolve...
by Karli Schwab | Oct 10, 2022 | Advisor Insights, Blog, CRE Trends
The Spokane multifamily market is rapidly changing due to rising interest rates, new policies, and cooling rent growth. By Jordan Lester The Spokane multi-family market is rapidly changing due to rising interest rates, new policies, and cooling rent growth. But, even...
