How To Manipulate The Market

Can you actually will the market to get better?To an extent, yes, says Jim DeLisle, director of graduate studies atthe UW's Runstad Center for Real Estate .(We're able to blast an 80-ton rocket out of the Earth's atmosphere, so you'd think it would be nothing to get cap rates up a bit.)

Why are people feeling better about the market than they were a year ago? Jim, who spoke during CoreNet's recent luncheon at the Seattle Yacht Club, says it's because they want to (and jokes maybe because Washington legalized small amounts of pot in December)."If you feel good, the market will be good," Jim says. He's also happy that minimum wage is going up.What he's less excited about is interest rates staying low. ("When things are constrained and then released, they explode.") His development prediction:two new office buildings on each side of Lake Washington, with two 50% leased and two spec.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

How Pacific Northwest Multifamily Owners Are Using Sustainability To Strengthen Asset Performance

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC