Real Estate Blog
As inflation soars, here’s how average rents are trending in the Seattle area
What experts are calling a “perfect storm” of factors has driven rents to all-time highs, including in the Seattle area, where average rents have surged past $2,000 in the last year.
The national average apartment rent increased to $1,736 per month in the second quarter — a 17% increase from a year ago — according to data from RealPage Market Analytics. That amounts to a $251 increase per month at a time when inflation is soaring across the nation.
In the Seattle area, rents are up 14.5% compared…
Three former Lord & Taylor stores to be made into labs
Three former Lord & Taylor department stores in Boston-area malls will be converted into life sciences facilities in the latest such vacant retail renovations locally.
Downtown Oakland office vacancy has stabilized — but it’s still elevated
Office vacancies in Oakland's city center have ticked up steadily since the pandemic began. But the trend appears to be slowing.
Point Ruston developer launches sales for Puyallup condo project
The four-story development will be a “catalyst” for downtown Puyallup, the mayor says.
Casa Grande gives green light for construction of new chemical plant — the city’s first TSMC supplier
Chang Chun Arizona said it entered the U.S. market because of the growing semiconductor industry in Arizona and will serve both the Taiwan Semiconductor Manufacturing Co. plant and manufacturers across the U.S.
Shopoff buys part of Westminster Mall, including vacant former Sears store, for $46 million
The move comes as shareholders of seller Seritage Growth Properties unanimously voted to approve a proposed plan of sale of Seritage’s assets and dissolution on Thursday.
Engineering manufacturing facility in South Bay sells to investment firm
Totaling 42,500 square feet, the facility is fully leased. The Rancho Dominguez submarket has an industrial vacancy rate of 0.7%, showing significant high demand.
Hotel Per La opens in place of downtown’s shuttered NoMad Hotel
Hotel Per La will have a soft-open July 11, followed by a grand opening in September. The redeveloped space will retain the signature features of the NoMad Hotel with considerable upgrades.
Price reductions in S.F. home sales soar more than 100% year-over-year
And it's possible demand could soften even more after the Fed's next rate hike at the end of July.
Beachfront Kailua home listed for $30.5M
Built in 2012, the 8,178-square-foot, eight-bedroom oceanfront home located at 123 Kailuana Loop sits on a 30,445-square-foot lot and boasts 10 full-baths and one half-bath