by Karli Schwab | Aug 14, 2024 | Blog, CRE Trends
Stay up to date with current and relevant CRE Economic Updates from SVN Research! GDP According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the first quarter and above the...
by Karli Schwab | Aug 14, 2024 | Blog, CRE Trends
Multifamily cap rates have been increasing locally and nationwide since Q1 of 2022. In Q4 of 2021, cap rates reached historic lows of 5.04% on average in Spokane and 4.86% on average in the US. Currently in Q3 of 2024, cap rates sit at a 6.16% average in Spokane and a...
by Karli Schwab | Aug 6, 2024 | Blog, CRE Trends
With office vacancies through the roof predominantly due to the abundance of the work from home movement, Washington State is hoping to turn underutilized office buildings into housing. In order to incentivize this for developers, the State of Washington is planning...
by Karli Schwab | Jul 17, 2024 | Blog, CRE Trends
According to Globe St, permits for new construction multifamily properties have dropped nearly 30% Nationwide since the peak of the pandemic. This is due to a higher interest rates and higher supply of apartments that have recently been built. Several developers began...
by Karli Schwab | Jul 9, 2024 | Blog, CRE Trends
As mentioned in the previous article, Washington State ranked #7 in the US for population growth in 2023. The total population of Washington State as of April 1, 2024 is 8,035,700. Below are the three important population trends with counties and cities in Washington...
by Karli Schwab | Jun 7, 2024 | Blog, CRE Trends
Rethinking Vacant Downtown Offices: A Creative Approach to Repurposing Space Reach out to an SVN Cornerstone Advisor today to learn more about how we can help you navigate the current CRE environment.
