Sometimes you just wonder …what in da heck is next? The classic street entrepreneur can feel alone and uncertain about next move. Unprecedented times creates situations where no road maps are readily available.
Solo Entrepreneur Deep in Contemplation
Notice the guy on the rock is standing still with arms in a protective and confident stance. He is thinking, “I just gotta ride out the storm” and all will be well. For the most part I agree with him, because density in Seattle allows for faster economic recovery, but investors must have the resources to ride the storm. An investor really needs to understand what is happening in their portfolio sector. For example Office buildings sure do appear ripe for change. It still remains to be seen if working from home is gonna stick.
Property owners should stay the course with long term holdings. Buyers should consider also long term thinking while maintaining or recreating revenue production.
Commercial Real Estate in Pandemic
Fresh WA State Statics
CBA Researched CMA Sales
2020 vs 2019 Change
January Through April (2020 vs 2019)
CBA Researched CMA Sales 2019 (first four months)
CBA Researched CMA Sales 2019 (first four months)
This chart below shows the first four months of 2020 took a whooping. 
Chart above shows 2019 to 2020 change 4 months snap shot of WA state commercial real estate sales. It is probable to assume this numbers will make a V-Shape recovery in the following fiscal quarters in cities like Seattle. Another common unit of measurement in commercial real estate is the vacancy factors. For years Victory Lane Development reports have been using 5% vacancy rates for residential apartments and 10% for commercial properties. Costar analytics is forecasting vacancy rates of 7.7% for residential apartments and 7.4% office buildings. Contact Victory Lane Brokerage for sales, leasing and development. “What’s Next” truly creates unique meaning in the days of the Corona virus.
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