Dylan Simon -- Colliers International
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Dylan Simon -- Colliers International
I specialize in the sale of apartment buildings in Seattle and the greater Puget Sound region. I focus on the sale of both apartment buildings and developable land ranging from $3M to $100M. I am passionate about real estate investment and development, economics, technology and urbanism. Through brokerage I assist apartment investors and developers in achieving the highest possible levels of return and build an advisory relationship that lasts ownership life-cycles instead of just a transaction.
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Economy Watch: 2017’s Best-Performing Cities

Economy Watch: 2017’s Best-Performing Cities | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Seattle-Bellevue-Everett ranked 17th on the Milken Institute’s "Top 25 Best-Performing Large Cities" list based on metrics in nine categories, including growth in jobs, wages and salaries, and technology output over time.

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As Amazon’s Spheres near opening day, website launches to showcase unique Seattle structures

As Amazon’s Spheres near opening day, website launches to showcase unique Seattle structures | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

The Spheres are almost here – will you be scheduling a visit?

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WeWork to double Seattle footprint in 2018 as co-working giant continues global expansion

WeWork to double Seattle footprint in 2018 as co-working giant continues global expansion | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

The co-working and co-living trends continue: “WeWork’s Seattle presence will grow even further when a 36-story tower in Seattle’s Belltown neighborhood encompassing both WeWork co-working office space and the company’s WeLive residential concept opens.”

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Does Multifamily Have Distinct Pricing Personas?

Does Multifamily Have Distinct Pricing Personas? | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Have you developed pricing personas to tailor your apartment sales strategy? – “In the end, the revenue management strategy an operator pursues at a community is forged by a number of factors, including the condition of the surrounding submarket, how long an owner intends to hold the property, and the owner's general appetite for risk.”

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Watch for the Rise of Suburbia and More in 2018

Watch for the Rise of Suburbia and More in 2018 | Dylan Simon -- Colliers International | Scoop.it
There are two “interesting shifts” at hand.
Dylan Simon's insight:

This rings especially true for Seattle's suburbs as renters seek lower rents and developers face challenges with City regulations: "This is an interesting shift in suburban demographics that will increase demand for suburban multifamily, which will outperform the high-end urban multifamily market, where rents have peaked due to excess supply and affordability challenges."

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Editors’ Product Picks From IBS 2018

Editors’ Product Picks From IBS 2018 | Dylan Simon -- Colliers International | Scoop.it
These products stood out on the International Builders' Show floor this week as innovative solutions for the multifamily construction industry.
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University of Washington 2018 CMP: 215-Acre Central Campus Update - The Registry

University of Washington 2018 CMP: 215-Acre Central Campus Update - The Registry | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Changes to UW's campus parallel the exciting growth of the University District - we're keeping a close eye on this neighborhood!

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Seattle-Tacoma International Airport ranks among fastest-growing in the U.S. - Puget Sound Business Journal

Seattle-Tacoma International Airport ranks among fastest-growing in the U.S. - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
See how Sea-Tac Airport compares to the nation's fastest-growing airports.
Dylan Simon's insight:

Yet another sign of the Seattle boom: "Passenger counts increased by 8.6 percent to nearly 21.9 million in 2016 at the Seattle metro airport."

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Foreign Investors Continue to Prefer Industrial Properties in 2018

Foreign Investors Continue to Prefer Industrial Properties in 2018 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Unexpected trends in housing preferences among Millennials have driven foreign investment in industrial properties:

“Industrial properties…suddenly seem like a no-brainer, with trends from e-commerce growth to omni-channel retailing to legalization of marijuana promising rising demand and growing rents, supported by a shortage of new construction for much of the current cycle.”

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Look Beyond Acquisition Price to Reduce Property Tax Assessments

Look Beyond Acquisition Price to Reduce Property Tax Assessments | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

“This line of thinking is particularly common in states that use market value as the standard and where the purchase price was based on an appraisal….[but] such thinking could result in missed opportunities to reduce the actual property tax burden on the property.”

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Seattle DJC.com local business news and data - Construction - In one year, get ready to drive underground through Seattle

Seattle DJC.com local business news and data - Construction - In one year, get ready to drive underground through Seattle | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

So many plans for Seattle's waterfront hinge on the new tunnel opening -- one year to go!

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Amazon is more likely to acquire Costco than Target, analyst says - Puget Sound Business Journal

Amazon is more likely to acquire Costco than Target, analyst says - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Amazon may have a different target for acquisition--another local giant: Costco.

 

"'They need brand affinity. It’s not just about the footprint…They need to flex the muscles on the pricing side and it’s about improving selection.' Target doesn't tick off those boxes, he said, offering up three companies that could be the target of Amazon's next buyout."

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Investment Sales Took a Nose Dive before the End of the Year

Investment Sales Took a Nose Dive before the End of the Year | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Over the past 36 months, investors focused on long-term holds acquired many core assets...leaving fewer properties available for sale and leading to investors taking more care in deciding where to next deploy capital to get the best returns."

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Seattle Mayor Jenny Durkan says Chris Hansen's Sodo arena isn't dead - Puget Sound Business Journal

Seattle Mayor Jenny Durkan says Chris Hansen's Sodo arena isn't dead - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The next day the city council approved an agreement with a rival group, Los Angeles-based Oak View Group, which plans to spend $600 million renovating the city-owned KeyArena at Seattle Center with the goal of attracting professional men's basketball and hockey franchises."

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3-D mapping builds the future while preserving the past - Puget Sound Business Journal

3-D mapping builds the future while preserving the past - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"As available real estate becomes increasingly scarce, commercial real estate professionals need imagination and the right tools to keep pace with demand."

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As Rents Rise, Advocates in Multiple Markets Push for New Rent Control Laws

As Rents Rise, Advocates in Multiple Markets Push for New Rent Control Laws | Dylan Simon -- Colliers International | Scoop.it
Multifamily developers often argue that rent regulation that extends to new construction would reduce the incentive to build new housing. In the long run, a smaller number of rental units would increase the competition for housing, forcing rents higher overall.
Dylan Simon's insight:

Washington State is also on this list—legislation to repeal the preemption of rent control ordinances by cities was introduced on January 10.

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Architecture lands Seattle on New York Times '52 Places to Go in 2018' list - Puget Sound Business Journal

Architecture lands Seattle on New York Times '52 Places to Go in 2018' list - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Seattle was one of the few U.S. cities on the list. New Orleans ranked No. 1, followed by Colombia and Basilicata, Italy.
Dylan Simon's insight:

From the Smith Tower in 1914 to the Space Needle in 1962 to Amazon’s Spheres today, Seattle’s iconic architecture alone is drawing attention and visitors to our city!

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Rise Property Trust Acquires 102-Unit Citywalk Apts for $26.9M

Rise Property Trust Acquires 102-Unit Citywalk Apts for $26.9M | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Rise Properties Trust, an auxiliary company of Seattle-based Thrive Communities, acquired the 102-unit Citywalk apartments in Seattle, WA from Essex Property Trust, Inc. for $26.9 million, or about $264,000 per unit. Dylan Simon and Jerrid Anderson of Colliers International represented the seller in the transaction.

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Seattle-area rents drop significantly for first time this decade as new apartments sit empty

Seattle-area rents drop significantly for first time this decade as new apartments sit empty | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Rents sometimes drop by a few bucks this time of year. But the latest quarterly drop is the biggest this decade by far, and amounted to a savings of about $50 a month for the average renter across the region."

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RealPage: Market Stable, but Number of Unit Starts Less Certain in 2018

RealPage: Market Stable, but Number of Unit Starts Less Certain in 2018 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

There is plenty of supply in Seattle's pipeline, but many are questioning project starts for 2018: “We’ve been going through this cycle long enough that the obvious sites are in short supply, so, clearly, we’re going to start fewer units in 2018. The question is, really, to what degree?”

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Once Hot Seattle Apartment Market Hit by Onslaught of Supply - The Registry

Once Hot Seattle Apartment Market Hit by Onslaught of Supply - The Registry | Dylan Simon -- Colliers International | Scoop.it
Metropolitan Seattle, South Lake Union, Amazon, Apartment Insights, Seattle Metro, housing shortage, San Francisco, median wage
Dylan Simon's insight:

As Zillow reports that rents in Seattle are expected to climb 3.5% in 2018, Apartment Insights sees supply outpacing demand for high-end buildings with 50+ units, causing average rents to fall: “In Q4, the average monthly gross rent fell 2.9% from the prior quarter.”

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Video: Inside Amazon’s traveling smart home trailer, where Alexa controls the PC, coffee pot and the mood

Video: Inside Amazon’s traveling smart home trailer, where Alexa controls the PC, coffee pot and the mood | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Is this a sneak peak at how we will function at home in the future?

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Seattle is Zillow's third-hottest housing market in the U.S. for 2018 - Puget Sound Business Journal

Seattle is Zillow's third-hottest housing market in the U.S. for 2018 - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

There’s no denying Seattle is on fire – and tech is driving our #3 spot on Zillow’s list of the hottest US housing markets for 2018.

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Tech Remains King of US Office Market

Tech Remains King of US Office Market | Dylan Simon -- Colliers International | Scoop.it
Of 87 top office markets tracked by Cushman & Wakefield those with a strong technology presence were among the year’s best.
Dylan Simon's insight:

No surprises here: with a strong tech presence, new office leasing represented 10.5% of Seattle’s total inventory, with one of the lowest major market vacancy rates at 7.3% in 2017.

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The rapid rise of new Seattle: Time-lapse video shot over 3 years captures city’s massive growth

The rapid rise of new Seattle: Time-lapse video shot over 3 years captures city’s massive growth | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

A bird's-eye view of our changing city -- "The webcam was installed on top of the Needle in January 2015 and takes a 360-degree panorama of the city every 10 minutes."

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