Intelligence

Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

Seattle, WA

Apartment
The vacancy rate in the Seattle apartment market rose through 2018, adding 60 basis points to end the year at 5.7%. It slipped to 5.6% during the first quarter of 2019. The boom in high-end construction has resulted is high and rising rents. Average asking effective rents for the first quarter, at $1,844 and $1,740 per month, represented gains of 0.9% and 0.8% for the period. VIEW APARTMENT LISTINGS >
Industrial
Seattle warehouse/distribution sector vacancy remains very low. The first quarter 2019 rate was just 6.6%, down 10 basis points for the period after a gain of 70 last year. Asking and effective average rents for warehouse/distribution space for the first quarter were high at $7.80 psf and $7.41 psf, up 1.0% and 1.1% for the period following increases of 2.5% each all told last year. For Flex/R&D space, Reis reports first quarter vacancy at 5.8%, unchanged over the quarter and down 20 basis points over the year. Average asking and effective rents are reported at $12.18 psf and $11.44 psf, both up 0.3% over the quarter and up 2.3% and 2.2% over the year. VIEW INDUSTRIAL LISTINGS >
Office
The Seattle general purpose, multi-tenant office market vacancy rate closed the first quarter of 2019 at just 10.2%, down 20 basis points for the period following a loss of 50 all told last year. Rent growth, if slowing moderately, remains strong at high prices. At $38.02 psf and $31.46 psf, first quarter asking and effective averages were up 0.7% and 0.9% for the period following increases of 3.1% and 3.3% all told last year. VIEW OFFICE LISTINGS >
Retail
The first quarter 2019 vacancy rate in the Seattle community-neighborhood shopping center market was low at 6.4%, down 20 basis points from a quarter earlier after a decline by 130 in 2018. At $25.87 psf and $22.98 psf, first quarter asking and effective averages were down 0.2% each for the period following increases of 1.6% and 1.9% through 2018. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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