Commercial Real Estate Insights Podcast
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Spokane Market Trends, Urban Housing Strategies, and Tech Expansion Insights
In this episode, Steve Hamoen opens with an introduction, setting the stage for an exploration of Spokane's market resilience and financial impacts. He examines how Spokane's commercial real estate aligns with national trends, particularly in retail and multifamily market developments, comparing them with Kansas City's dynamics. Steve delves into urban housing and retail development strategies, highlighting cross-border trends in retail and industrial real estate. The discussion includes Oracle's East Bank campus and the broader trends in tech-driven urban expansion. Steve concludes with closing remarks, summarizing the insights shared and expressing appreciation to the listeners.
Key Points
- Despite a steep interest-rate environment, Spokane's commercial real estate market shows resilience due to a lack of new inventory keeping property prices high.
- Developers are increasingly converting vacant office spaces into residential units to address urban housing shortages and revitalize underutilized areas, as seen in Kansas City's North Loop and Kitchener-Waterloo, Ontario.
- Strategic investments and incentives are crucial for revitalizing retail and industrial sectors, with projects like Goodyear AirPark in Arizona exemplifying the trend of integrating mixed-use elements to meet evolving market demands.
Chapters
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Transcript
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