The market for commercial real estate in Bellingham WA is strong and manufacturing buildings are one of the leading sectors in growth. During the recession recover years of 2010 through 2012, rental rates for manufacturing buildings were as low as $0.28 per square foot. In today’s market, current lease rates for industrial buildings are in […]
What makes WWU Bellingham Apartment Buildings so popular to investors? It all starts with Western Washington University (WWU). With a total 2017 student population of 15,915, WWU students represent approximately 15% of the population of Bellingham WA. For students that want to live on campus there are limited options. In fact, WWU only provides student […]
by Ryan Martin
Many commercial businesses, such as wholesalers, exporters, manufacturers, and importers, use warehouses to store machinery or products. These typical industrial buildings allow for the storage of pretty much anything; spare parts, building components, you name it. However, certain raw materials and finished products need to be kept in temperature controlled environments to retain value. This […]
Created in 1986, the Low Income Housing Tax Credit (LIHTC) program was created to fuel the growth of affordable housing throughout the nation, by offering tax credits to multi-family developers that build affordable housing apartment building projects. To build LIHTC multi-family housing in Bellingham, developers typically partner with the Bellingham Housing Authority.
by Ryan Martin
The statistics provided in the Spring 2018 Washington State Apartment Market shows that the vacancy rate for all types of Bellingham WA apartment units is about 1.3%. It’s also important to point out that the apartment vacancy rate in Washington has decreased from 6.5% (Fall 2009) to 1.3% (Spring 2018). It’s obvious that Bellingham WA […]
by Ryan Martin
The City of Bellingham was officially incorporated in 1903, however the roots are much deeper. Bellingham originally began as four small towns that grew into each other. If you look at an aerial map of the city this makes sense, as some of the one way streets run together at odd angles. Two of the […]
by Ryan Martin
Downtown Bellingham offers a diverse selection of retail establishments specializing in clothing, home and kitchen, books, food & wine, and much more. For those looking for one of a kind knick-knacks, pieces of art, and antique clothing, downtown Bellingham is an ideal location. Others who are seeking experiences can visit numerous museums or theaters; these […]
by Ryan Martin
With over 60 different places to grab a bite, get a drink, or enjoy a hot cup of coffee, downtown Bellingham will surely have something that will satisfy even the pickiest Bellingham residents. With almost 25% of food & beverage options in downtown Bellingham falling under the category of bar & brewery, it’s clear that […]
by Ryan Martin
Investors that purchase or purchased commercial real estate after 9/27/17 are going to crush it on tax deductions over the next several years. In one example, an investor that bought a duplex for $400,000 was able to depreciate $129,600 in the first year. That resulted in $57,024 in tax savings in the year they bought […]
by Ryan Martin
With roughly $927M in cannabis retail sales for the fiscal year 2017 in all of Washington, consumer demand is strong all across the Evergreen State. Generating an additional $342M in taxes, it’s clear that a wide variety of product sold in retail stores, paired with costs that have leveled off for consumers, is creating a […]
by Ryan Martin
The Urban Villages of Bellingham Since... Read more
Over the past few decades, the... Read more
The Ordinance Recently in a unanimous... Read more
