City of Spokane Landlord Registration Requirements
The Spokane City Council approved a new law on Monday, October 14th which prevents apartment landlords from evicting tenants or raising rents if their apartment units are not registered with the city. The law was enacted in an attempt to get more landlords to register...
Market Impressions: Renters Keep Renting
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,...
Spokane County’s Largest Employers
Below is a list of Spokane County’s 20 largest employers and the number of their full time employees (as of November 11, 2023) Fairchild Air Force Base: 7,404 Providence Inland Northwest Washington: 6,775 State of Washington: 5,941 Spokane Public Schools: 3,754...
Federal Reserve Drops Rates for First Time in 4 Years
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...
Positive Outlook for Multifamily Interest Rates
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...
August 2024 Economic Update
Stay up to date with current and relevant CRE Economic Updates from SVN Research! 1. FED POISED TO PIVOT The FOMC is poised to cut interest rates in September for the first time in over two and a half years, evidenced by recent statements from Fed Chair Jerome...
Key Takeaways
SVN | Cornerstone Commercial provides comprehensive commercial real estate insights through market reports, blog content, and strategic resources that help clients make informed decisions. Our research team tracks macroeconomic factors, valuation trends, occupancy data, and rental rates that drive CRE performance across all property types.