Comments on: Office space in Snohomish Co. 17-18% vacant, Industrial good. http://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/ local real estate news, statistics, and commentary without the sales spin. Sat, 20 Mar 2010 07:48:56 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: JDhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14234 JD Sun, 01 Apr 2007 06:56:40 +0000 http://seattlebubble.com/blog/?p=742#comment-14234 What really amazes me is that rather than reduce the rents to fill the vacancies these places are lying empty, some for years. If these owners would take a dose of reality therapy they might at least make something on them. I know of too many potential Mom & Pop type places that don't start because the rents are way too high<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14234','JD',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14234','JD','What really amazes me is that rather than reduce the rents to fill the vacancies these places are lying empty, some for years. If these owners would take a dose of reality therapy they might at least make something on them. I know of too many potential Mom & Pop type places that don\'t start because the rents are way too high',''); return false;">Quote</a></div> What really amazes me is that rather than reduce the rents to fill the vacancies these places are lying empty, some for years. If these owners would take a dose of reality therapy they might at least make something on them. I know of too many potential Mom & Pop type places that don’t start because the rents are way too high
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]]> By: Yellihttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14204 Yelli Sat, 31 Mar 2007 06:47:43 +0000 http://seattlebubble.com/blog/?p=742#comment-14204 <a HREF="http://bp1.blogger.com/_SfxDExxUukY/RgsEGDfkIHI/AAAAAAAAACI/vyRWnM6dcBM/s1600-h/The_Way_to_Grow_Poor,_The_Way_to_Grow_Rich_--_Currier_%26_Ives_1875.jpg" REL="nofollow">This picture says it all.</a><br/><br/>The more things change, the more they stay the same...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14204','Yelli',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14204','Yelli','<a HREF=\"http:\/\/bp1.blogger.com\/_SfxDExxUukY\/RgsEGDfkIHI\/AAAAAAAAACI\/vyRWnM6dcBM\/s1600-h\/The_Way_to_Grow_Poor,_The_Way_to_Grow_Rich_--_Currier_%26_Ives_1875.jpg\" REL=\"nofollow\">This picture says it all.<\/a><br\/><br\/>The more things change, the more they stay the same...',''); return false;">Quote</a></div> This picture says it all.

The more things change, the more they stay the same…

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]]> By: wreckingbullhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14201 wreckingbull Sat, 31 Mar 2007 01:14:07 +0000 http://seattlebubble.com/blog/?p=742#comment-14201 From TFA:<br/><br/><i>Circuit City pays about $10 to $11 an hour, on average, said Rick Weinhart, an analyst with BMO Capital Markets Corp. in New York. Entry level pay probably is close to $8 for inexperienced workers, he said.</i><br/><br/>Yeah, they are paying those workers way too much. Good thing they are slashing those wages.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14201','wreckingbull',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14201','wreckingbull','From TFA:<br\/><br\/><i>Circuit City pays about $10 to $11 an hour, on average, said Rick Weinhart, an analyst with BMO Capital Markets Corp. in New York. Entry level pay probably is close to $8 for inexperienced workers, he said.<\/i><br\/><br\/>Yeah, they are paying those workers way too much. Good thing they are slashing those wages.',''); return false;">Quote</a></div> From TFA:

Circuit City pays about $10 to $11 an hour, on average, said Rick Weinhart, an analyst with BMO Capital Markets Corp. in New York. Entry level pay probably is close to $8 for inexperienced workers, he said.

Yeah, they are paying those workers way too much. Good thing they are slashing those wages.

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]]> By: plymsterhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14200 plymster Sat, 31 Mar 2007 00:20:53 +0000 http://seattlebubble.com/blog/?p=742#comment-14200 Here's a <a HREF="http://www.bloomberg.com/apps/news?pid=20601087&sid=aw.zhHEzMpZU&refer=home" REL="nofollow">link to the Circuit City</a> story, for anyone who's interested in the details.<br/><br/>So recently, we have foreclosure's rising at record rates, big box store driving down wages or shutting down altogether, and <a HREF="http://english.aljazeera.net/NR/exeres/B09C0BC3-9CFC-4F8C-84B9-C8AC743C7389.htm" REL="nofollow">Dubai and a few other gulf region nations switching from the Dollar to Euros</a>. This means globally driven inflation coupled with dropping wages. This will make the Great Depression look like "the good old days".<br/><br/>On the plus side, maybe this is the sort of slap in the face the US needs to wake up and clean up our corrupt government, rebuild our infrastructure, and build wealth by adding value, instead of selling beanie babies and homes to each other.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14200','plymster',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14200','plymster','Here\'s a <a HREF=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&sid=aw.zhHEzMpZU&refer=home\" REL=\"nofollow\">link to the Circuit City<\/a> story, for anyone who\'s interested in the details.<br\/><br\/>So recently, we have foreclosure\'s rising at record rates, big box store driving down wages or shutting down altogether, and <a HREF=\"http:\/\/english.aljazeera.net\/NR\/exeres\/B09C0BC3-9CFC-4F8C-84B9-C8AC743C7389.htm\" REL=\"nofollow\">Dubai and a few other gulf region nations switching from the Dollar to Euros<\/a>. This means globally driven inflation coupled with dropping wages. This will make the Great Depression look like \"the good old days\".<br\/><br\/>On the plus side, maybe this is the sort of slap in the face the US needs to wake up and clean up our corrupt government, rebuild our infrastructure, and build wealth by adding value, instead of selling beanie babies and homes to each other.',''); return false;">Quote</a></div> Here’s a link to the Circuit City story, for anyone who’s interested in the details.

So recently, we have foreclosure’s rising at record rates, big box store driving down wages or shutting down altogether, and Dubai and a few other gulf region nations switching from the Dollar to Euros. This means globally driven inflation coupled with dropping wages. This will make the Great Depression look like “the good old days”.

On the plus side, maybe this is the sort of slap in the face the US needs to wake up and clean up our corrupt government, rebuild our infrastructure, and build wealth by adding value, instead of selling beanie babies and homes to each other.

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]]> By: Richardhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14199 Richard Fri, 30 Mar 2007 23:42:13 +0000 http://seattlebubble.com/blog/?p=742#comment-14199 Well, at least CC is giving them the chance to re-apply this time. When they laid off all comissioned sales staff at the end of '03, they made it clear that they weren't welcome to apply for the hourly positions.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14199','Richard',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14199','Richard','Well, at least CC is giving them the chance to re-apply this time. When they laid off all comissioned sales staff at the end of \'03, they made it clear that they weren\'t welcome to apply for the hourly positions.',''); return false;">Quote</a></div> Well, at least CC is giving them the chance to re-apply this time. When they laid off all comissioned sales staff at the end of ‘03, they made it clear that they weren’t welcome to apply for the hourly positions.
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]]> By: Richardhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14198 Richard Fri, 30 Mar 2007 23:37:35 +0000 http://seattlebubble.com/blog/?p=742#comment-14198 Comp USA is gone. Some of the employees are still there walking around in their red vests and name tags, but the store isn't there - some closeout company is getting rid of the merchandise and staffing with the original employees. The prices are ridiculously high for closeouts. The memory card I needed was twice as much at the "closeout" price as on their website.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14198','Richard',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14198','Richard','Comp USA is gone. Some of the employees are still there walking around in their red vests and name tags, but the store isn\'t there - some closeout company is getting rid of the merchandise and staffing with the original employees. The prices are ridiculously high for closeouts. The memory card I needed was twice as much at the \"closeout\" price as on their website.',''); return false;">Quote</a></div> Comp USA is gone. Some of the employees are still there walking around in their red vests and name tags, but the store isn’t there – some closeout company is getting rid of the merchandise and staffing with the original employees. The prices are ridiculously high for closeouts. The memory card I needed was twice as much at the “closeout” price as on their website.
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]]> By: EconEhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14197 EconE Fri, 30 Mar 2007 23:36:35 +0000 http://seattlebubble.com/blog/?p=742#comment-14197 <i>And Circuit City isn't exactly laying people off. No, they're offering the highest paid workers the ability to reapply for their jobs at lower pay, which IMHO is more egregious than simply laying people off.</i><br/><br/>WTF?!?!?<br/><br/>are you serious? This kind of Sh#t is happening? I wonder how the Fed is going to spin those numbers to try to sell us on a rosy economic outlook.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14197','EconE',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14197','EconE','<i>And Circuit City isn\'t exactly laying people off. No, they\'re offering the highest paid workers the ability to reapply for their jobs at lower pay, which IMHO is more egregious than simply laying people off.<\/i><br\/><br\/>WTF?!?!?<br\/><br\/>are you serious? This kind of Sh#t is happening? I wonder how the Fed is going to spin those numbers to try to sell us on a rosy economic outlook.',''); return false;">Quote</a></div> And Circuit City isn’t exactly laying people off. No, they’re offering the highest paid workers the ability to reapply for their jobs at lower pay, which IMHO is more egregious than simply laying people off.

WTF?!?!?

are you serious? This kind of Sh#t is happening? I wonder how the Fed is going to spin those numbers to try to sell us on a rosy economic outlook.

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]]> By: flotownhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14187 flotown Fri, 30 Mar 2007 20:44:08 +0000 http://seattlebubble.com/blog/?p=742#comment-14187 office vacancies had been at 22% plus last year. It was way overbuilt during the dot com era. I wouldn't look too much into it as an indication that jobs growth here isn't robust<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14187','flotown',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14187','flotown','office vacancies had been at 22% plus last year. It was way overbuilt during the dot com era. I wouldn\'t look too much into it as an indication that jobs growth here isn\'t robust',''); return false;">Quote</a></div> office vacancies had been at 22% plus last year. It was way overbuilt during the dot com era. I wouldn’t look too much into it as an indication that jobs growth here isn’t robust
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]]> By: wreckingbullhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14184 wreckingbull Fri, 30 Mar 2007 20:22:49 +0000 http://seattlebubble.com/blog/?p=742#comment-14184 What michael points out is exactly why the argument that 'wages will catch up to home prices' is a total joke. Home prices will come down to meet wages, as Globalization has now entered the fray, love it or hate it.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14184','wreckingbull',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14184','wreckingbull','What michael points out is exactly why the argument that \'wages will catch up to home prices\' is a total joke. Home prices will come down to meet wages, as Globalization has now entered the fray, love it or hate it.',''); return false;">Quote</a></div> What michael points out is exactly why the argument that ‘wages will catch up to home prices’ is a total joke. Home prices will come down to meet wages, as Globalization has now entered the fray, love it or hate it.
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]]> By: Michaelhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14182 Michael Fri, 30 Mar 2007 20:16:16 +0000 http://seattlebubble.com/blog/?p=742#comment-14182 And Circuit City isn't exactly laying people off. No, they're offering the highest paid workers the ability to reapply for their jobs at lower pay, which IMHO is more egregious than simply laying people off. <br/><br/>I agree, CompUSA blows, too -- Terrible customer service.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14182','Michael',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14182','Michael','And Circuit City isn\'t exactly laying people off. No, they\'re offering the highest paid workers the ability to reapply for their jobs at lower pay, which IMHO is more egregious than simply laying people off. <br\/><br\/>I agree, CompUSA blows, too -- Terrible customer service.',''); return false;">Quote</a></div> And Circuit City isn’t exactly laying people off. No, they’re offering the highest paid workers the ability to reapply for their jobs at lower pay, which IMHO is more egregious than simply laying people off.

I agree, CompUSA blows, too — Terrible customer service.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14181 biliruben Fri, 30 Mar 2007 20:01:12 +0000 http://seattlebubble.com/blog/?p=742#comment-14181 That Comp USA blows. I live just around the corner, and I refuse to go back. I'm not surprised it's going out of business.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14181','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14181','biliruben','That Comp USA blows. I live just around the corner, and I refuse to go back. I\'m not surprised it\'s going out of business.',''); return false;">Quote</a></div> That Comp USA blows. I live just around the corner, and I refuse to go back. I’m not surprised it’s going out of business.
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]]> By: S Crowhttp://seattlebubble.com/blog/2007/03/30/office-space-in-snohomish-co-17-18-vacant-industrial-good/#comment-14179 S Crow Fri, 30 Mar 2007 19:47:58 +0000 http://seattlebubble.com/blog/?p=742#comment-14179 Sorry that I didn't enable the comments.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('14179','S Crow',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('14179','S Crow','Sorry that I didn\'t enable the comments.',''); return false;">Quote</a></div> Sorry that I didn’t enable the comments.
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