Overview of Commercial Real Estate in PNW
Report Highlights Positive Economic Outlook for Pacific Northwest: High Demand Coupled with Slowing Construction May Lead to Rent Increases
Significant Sales – June 2024
Significant Sales – June 2024 In a notable June transaction within the commercial real estate sector, a 30-unit apartment building sold for $11,900,000 on June 21, 2024. Spanning 16,000 square feet, the property had been listed for 235 days before finalizing the sale. This transaction highlights a significant movement in the market, reflecting both the […]
CREDC’s 2023 Annual Report: Key Highlights and Insights for Clark County’s Commercial Real Estate Market
CREDC ANNUAL REPORT HIGHLIGHTS AND THE FUTURE OF COMMERCIAL REAL ESTATE IN CLARK COUNTY Understanding the economic landscape and its ongoing development is crucial for advising clients and making strategic decisions. The Columbia River Economic Development Council (CREDC) recently released its 2023 Annual Report, which provides a comprehensive look at the region’s economic activities and […]
Empowering Small Businesses: Lease to Own
Empowering Small Businesses: Lease to Own In today’s competitive landscape, it’s not uncommon to hear stories of local businesses being forced to close their doors due to larger, more powerful entities. This narrative struck a chord with Kevin Song, founder of Withco, whose own family experienced the harsh reality of losing their business and home. […]
Significant Sales – February 2024
Significant Sales – February 2024 816 NE 87th Ave. Within walking distance of Peace Health. Sea Mar Community Health expanded it’s Clark County Footprint. By acquiring this 6156 Sf building for $1,460,000. It was the highest price in the entire county. Congrats to Brett Irons of the Fuller group as the listing broker. Ave There were a […]
Unlocking Economic Growth and Community Strength Through Career and Technical Education: The Success of Cascadia Tech
Unlocking Economic Growth and Community Strength Through Career and Technical Education: The Success of Cascadia Tech In today’s rapidly evolving economy, the importance of career and technical education (CTE) cannot be overstated. Not only does it provide students with valuable skills and pathways to successful careers, but it also serves as a catalyst for economic […]
Significant Sale: Columbia Business Center Sold for $96 Million, Set to Maintain Operations Under New Ownership
Significant Sale: Columbia Business Center Sold for $96 Million, Set to Maintain Operations Under New Ownership The Columbia Business Center, a significant industrial property spanning 113 acres along the Columbia River in Vancouver, has been sold for a record-breaking $96 million. This sale marks the largest single transaction by price for industrial land in the […]
Significant Sales – December 2023
December Significant Sales 2023 ended on a relatively quiet note. The number of transactions was down across the board in all segments compared to 2022 and compared to Q4 2022. There were two sales that highlighted the current state of the CRE market. 1220 Main, the former corporate HQ of First Independent Bank, was sold […]
2024 Can be the year you own your business property
2024 Can be the year you own your business property We help company owners transition from leasing to owning their business property. We track a target market for local Clark County Buildings ranging from 3,000 to 30,000 square feet in size across 3 segments of the market Industrial/ Retail / Office. Here are the trends […]
Will this Cycle take seven years like the Great Recession Cycle?
Will this Cycle take seven years like the Great Recession Cycle? The Commercial Real Estate (CRE) market operates in a cyclical pattern and is closely tied to the broader economy. The Cycle consists of four distinct phases: Recovery, Expansion, Contraction, and Recession. Each phase presents unique challenges and opportunities for tenants, investors, developers, and Owner […]
