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When examining vacancies and rents in the nearby markets of Kirkland, Bellevue and Redmond, it is only logical that Bothell will continue with healthy absorption, decreasing vacancies and rent growth.
Robinson said at this point of the business cycle, clients are focusing on how to get more yield, with roughly 18 to 20% in the traditional value-add category and 6% in open-end funds with an appetite for yield.
The lack of supply along with a healthy demand from logistics companies in El Paso are placing upward pressure on lease rates and developers with surplus industrial land are capitalizing on this phenomenon.
One exception is rents in Hayward which are at a significant discount to neighboring submarkets, and the Mark provides a relatively affordable option for residents priced out of other Bay Area cities.
The average size of apartments regardless of year built is 882 square feet, with the largest apartments in the Southeast at 975 square feet and the smallest in Seattle, with an average size of 711 square feet.
Jason Morgan, who worked at Goldman Sachs and Och-Ziff Capital before joining the family firm, says the company has closed its fourth K-Series Deal since launching its debt platform in September 2017.
NAIOP Philadelphia will focus on advocacy, education and diversity under its first woman president, Lauren Gilchrist, SVP and Senior Research Director at Jones Lang LaSalle.