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...
July 2024 Economic Update
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...
Multifamily Cap Rates in Spokane
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...