by Karli Schwab | Oct 3, 2024 | Advisor Insights, Blog
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...
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...
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...
