For Those with Money: "You Won't Find a Better Time to Be a Buyer"
Cash Will (Again) Be King as Slower Than Expected Recovery Will Create its Own Set of Opportunities, According to Commercial Real Estate Professionals
http://www.costar.com/News/Article.aspx?id=F4083E78D1B9157E51BCE8BED74B8400
Thursday, June 25, 2009
Tuesday, June 23, 2009
The market
I was speaking to a retailer yesterday and she said she thought the news of the recession had been somewhat overblown for our market. I agree. She said she has found if she doesn't read the paper or watch TV, all is well. I understand where she's coming from, but I think it is important to stay in touch. However, I do think we in Thurston County are somewhat protected, and our housing slump seems to have leveled out, now I'm feeling a shift in the office market. I am negotiating leases, and looking for space, and having other agents tell me...oh we just leased that. Business is happening. Prices have come down on rents, which for some is good news and for others Horrible news. My sympathies to the property owners who are taking this hit, but I think we all knew it was coming, we have been fairly inflated in this market for some time. Anyway, the boat's still rocking, waves are striking, and I'm curious to see where we end up leveling out.
Friday, June 5, 2009
New/Old Digs
This week I have returned to working at RE/MAX Parkside Commercial. I enjoyed getting to know the folks at Colliers very much. They have a good group over there, but I think I'm more of an independent spirit than the corporate type. So here I am.
I think I'm just in time to begin seeing the uptick in the residential market, according to the agents around me and the leveling out of the commercial one. We are seeing the prices on leases dropping, vacancies rising and all in all a more challenging market. However, keep in mind... out of those challenges is born opportunity. It's time to buy, it's time to lease. You won't see deals like this again for a while. So think expansion, think market share. And give me a call!!!
I think I'm just in time to begin seeing the uptick in the residential market, according to the agents around me and the leveling out of the commercial one. We are seeing the prices on leases dropping, vacancies rising and all in all a more challenging market. However, keep in mind... out of those challenges is born opportunity. It's time to buy, it's time to lease. You won't see deals like this again for a while. So think expansion, think market share. And give me a call!!!
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