Here’s another tidbit about commercial real estate in the Seattle area. Quite appropriately, the headline uses the word “gambling” to describe what’s going on with office buildings in Bellevue: Spec development, as in constructing an office building without pre-lease commitments on the gamble that it will attract tenants upon completion, is the new buzzword among…
Month: January 2006
Realtors: Bubble Talk Not Trendy
This article doesn’t really relate directly to the Seattle area, but it was in a Seattle area paper, and there’s a tidbit in there that I thought was rather amusing, so I decided to post it here anyway. Mark Nash, a Coldwell Banker broker and real estate author whose book “1001 Tips for Buying &…
One More December Take
The Olympian comes in a day late to the party with what I would call a cautiously pessimistic report on December’s numbers: Fewer homes sold in South SoundMarket has room to slide, real estate watchers say After 11 months of red-hot South Sound home sales in 2005, sales dropped by double digits in December, raising…
Press Optimism Beginning To Fade?
With the lull that has set in on housing this winter in the Seattle area, the news reports about the dead time are almost more interesting than the housing news itself. For example, take the four stories in today’s papers about December’s housing numbers. Here are the headlines: Housing prices keep rising as sales slow…
Commercial RE Rode High In 2005
Taking a bit of a break from the residential real estate world, let’s have a look at the commercial real estate picture. 2005 was good to commercial real estate: Retailers in the Seattle and Bellevue area gobbled up store space at the fastest pace since the 1990s, responding to a strong regional economy and reports…