The Market the market the market

I wish I had a dollar for every time someone asks me about the market...NO, I MEAN REALLY...
This is a strangely familiar market for me. It is almost identical to the one I entered 7 years ago. For anyone who doesn't remember, we had a multitude of commercial buyers and no inventory, we had an over abundance of office inventory, but no retail and you couldn't find a building to purchase because everyone was holding on to their overvalued property because they were certain it was only going to get better.
Well roll ahead to today. I have a multitude of retail and restaurant renters and buyers, nothing to sell them and not much to lease them. We have a plethora of empty office and very few of those tenants. Everyone is holding onto their undervalued properties because they're certain...it's going to get better.
Anyone got anything they wanna sell? How about some small retail in downtown Olympia for lease???
I've got tenants, buyers... but no bananas...

Busy???

I was talking with Beth Glander, a local appraiser yesterday. She told me that she is not busy at all. She asked me if anyone was buying commercial buildings at all right now. It gave me pause for thought. Why? Because I am very busy. So I stopped to think about what I am actually busy doing???

I am working on some leases. I am looking for land for a buyer. I am marketing marketing marketing my listings. I am answering questions about my listings. I am trying to be patient as some buildings go through due diligence... I am meeting with potential tenants and showing space. I am analyzing properties' values.
But, is anyone buying? The reality is we have a very limited inventory of listed properties. So it would be difficult for anyone to "buy" right now. There are a lot of "buyers" out there right now, but what we need is inventory... Sellers anyone????