Location: Located in the heart of the college rental district of Western Washington University. Ten minute walk, five minute bike or drive to campus. Ten minute drive to downtown Bellingham. Property Features: 20 units – Secured underground parking – 36 parking stalls – Built in 2006 – Unit mix of one bedroom and three bedrooms – Washer and dryer in every unit Price: $3,100,000
We are constantly surrounded by information and data, but not many of us, especially in the commercial real estate industry know how to make use of all the data out there. Especially because there is a ton of data that we’re failing to collect right within our own properties.
The new year brought with it the lowest level of unemployment seen in nearly 17 years. Over 200,000 new jobs were added to the market leaving unemployment at an unchanged rate of 4.1%, adding the largest gain in wages since the end of the Great Recession.
ARV – After-Repaired Value CCIM – Certified Commercial Investment Member COO or C of O – Certificate of Occupancy CMA – Comparative Market Analysis
The world of CRE is one that is always evolving and that means we all need to be paying closer attention. Especially to the new up and coming techniques, tools, and trends that make their way into this world. One of which is 3D-printing, what was once a cool and fun trend for duplicating small objects, figurines, and toy-like creations, has evolved into much more.
Did You Know: Museums boost residential, ✅💰commercial values? . . . It’s true, according to a study by economics professor at Williams College in Massachusetts, Stephen Sheppard, property values of homes near museums surge between 20 to 50 percent📈 over a 5 year period. To learn more, visit https://magazine.realtor/…/study-museums-boost-residential-…
What many new commercial brokers don’t know about commercial real estate is that there is actually a great deal of number crunching involved with a commercial real estate transaction. If math isn’t your strongest suit, then you might be hesitant to try to do any or all calculations yourself.
“All Businesses need to be young forever…” Amazon’s own CEO, Jeff Bezos said it himself, in order to appeal to the younger generation of shoppers and cliental, businesses have to stay forever young, and frankly he’s not wrong.
Commercial real estate is no longer about a simple and functional building. Tenants demand more in terms of aesthetics, functionality and recently, technology. Tenants want a work and living environment that embraces the forms of technology that create unique and inspiring experiences each time they encounter them.
If you haven’t had your try at VR or AR also known as Virtual Reality and Augmented Reality, then stop what you’re doing right now and give it a go!