by Jordan Lester | Apr 8, 2025 | Blog, CRE Trends
Criteria: Multifamily, 5+ Units, Spokane County, Sold in 2025 Q1 Total Properties Sold: 14 Total Units Sold: 185 Total SF Sold: 133,456 Total Volume Sold: $22,904,603 Average Sale Price/Unit: $132,083 Average Sale Price/SF: $178 Average Sale Cap Rate: 6.29% Average %...
by Jordan Lester | Jan 29, 2025 | Advisor Insights, CRE Trends, News
In 2025, approximately $598 billion in U.S. commercial real estate debt is set to mature, with a significant portion in the multifamily sector. Property owners who purchased or refinanced during the low-rate years may struggle to secure favorable terms as interest...
by Jordan Lester | Jan 15, 2025 | Blog, CRE Trends
Criteria: Multifamily, 5+ Units, Spokane County, Sold in 2024 Total Properties Sold: 55 Total Units Sold: 1,554 Total SF Sold: 1,279,978 Total Volume Sold: $190,174,149 Average Sale Price/Unit: $121,528 Average Sale Price/SF: $163 Average Sale Cap Rate: 6.27% Average...
by Jordan Lester | Oct 9, 2024 | Advisor Insights, CRE Trends
Despite the fact that increasing vacancy rates have not been in multifamily owners’ favor for the past two years, there are a few determining factors that will keep renters renting: Stricter lender requirements for home buyers Low home inventory. From 2006-2008,...
by Karli Schwab | Sep 19, 2024 | Blog, CRE Trends
The Federal Reserve decided to lower its benchmark interest rate by 50 basis points on Wednesday, September 18th, marking the first rate cut since March of 2020. The federal funds rate range stayed steady at 5.25%-5.5% from July of 2023 until now when they were...
by Karli Schwab | Sep 5, 2024 | Blog, CRE Trends
Multifamily interest rates are tied directly to the 10 year treasury. Lending institutions take the current 10 year treasury and require a 200-300 basis point spread to calculate the current interest rate they are willing to offer a borrower on a mortgage. Every...
