April 2024 Economic Update
Stay up to date with current and relevant CRE Economic Updates from SVN Research! 1. HOMEBUYERS ADJUSTING TO HIGHER INTEREST RATES A new survey by Fannie Mae suggests that home buyers are gradually adjusting to higher mortgage rates despite increasingly...
Proposed Ordinance to Increase Rental Notice Timeframe
As landlords and owners continue to deal with falling rents and vacancy rates near 8%, the Spokane City Council is considering a new ordinance that would apply more pressure to property owners and landlords within the City of Spokane. Currently, landlords are required...
Spokane Multifamily Market Spotlight
The SVN Cornerstone Multifamily Team is pleased to present our 2023 Multifamily Market Spotlight for Spokane County, which also includes our 2024 market projections. In this report, we touch on: Vacancy rates Rents Cap rates Deliveries Interest rates Loan maturities...
March 2024 Economic Update
Stay up to date with current and relevant CRE Economic Updates from SVN Research! 1. INDUSTRIAL’S LARGEST OPERATORS EXPAND According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing...
Multifamily Owner Expenses: Utilities
In the third week of our Multifamily Owner Expenses series we are addressing: Utilities. For apartment owners, utilities include water, sewer, garbage, gas, electricity, internet, and cable. Apartment complexes built in the last few decades are typically separately...
SVN Cornerstone Announces 76 Acre Land Sale to Boise City for $20 Million
Spokane, WA March 27, 2024 John Hillier, Guy D. Byrd and the SVN Cornerstone team are proud to announce the sale of 76 acres of industrial land in Boise, Idaho. The subject property is located on South Eisenman Rd, on the southwest corner of Warehouse Way and Freight...