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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Yardi: Rents Rise 2.8% Year-Over-Year Through January 2018 | Multifamily Executive Magazine | Economic Conditions, Rents, Supply and Demand, Research, Occupancy and Vacancy Rate, Economics, Local M...

Yardi: Rents Rise 2.8% Year-Over-Year Through January 2018 | Multifamily Executive Magazine | Economic Conditions, Rents, Supply and Demand, Research, Occupancy and Vacancy Rate, Economics, Local M... | Dylan Simon -- Colliers International | Scoop.it
Matrix Monthly report predicts metro-level multifamily rent growth will trend toward the median in the coming year.
Dylan Simon's insight:

Hold out judgement on slowing rent growth for Spring! "YOY rent growth has remained between a high of 3.0% and a low of 2.4% in the past year, following two years of above-trend increases. Yardi expects rent growth to remain in the 2.5% range but believes the next few months will provide a better idea of rent trends for 2017, as rent-growth trends flatten during the winter."

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24-Hour Classic 13 Coins Is Reborn in Pioneer Square

24-Hour Classic 13 Coins Is Reborn in Pioneer Square | Dylan Simon -- Colliers International | Scoop.it
Look inside the new location opening at 6 a.m. on February 10
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This was the pits: Time-lapse video shows highway fill in hole where Seattle tunnel machine ended

This was the pits: Time-lapse video shows highway fill in hole where Seattle tunnel machine ended | Dylan Simon -- Colliers International | Scoop.it
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Economy Watch: More Adults Now Share Living Space

Economy Watch: More Adults Now Share Living Space | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

This trend is growing—not shrinking as once predicted—and could impact multifamily and senior housing in the long term: “During the worst employment market in recent memory in the early 2010s, shared living grew because Millennials moved back in with their parents, and so it was considered a temporary flux. Now parents are moving in with their adult children in no small numbers.”

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CMBS Delinquency Rate Drops for Seventh Consecutive Month According to Recent Trepp Report | MultifamilyBiz.com

CMBS Delinquency Rate Drops for Seventh Consecutive Month According to Recent Trepp Report | MultifamilyBiz.com | Dylan Simon -- Colliers International | Scoop.it
NEW YORK, NY - Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, an
Dylan Simon's insight:

"Delinquency readings for three of the five major property types decreased last month. January’s largest drop belonged to the office sector as its rate plunged 56 basis points to 5.84%. The multifamily delinquency rate – already the lowest among major property sectors – fell another 28 basis points to 2.08% last month."

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Economy Watch: U.S. Economy Creates 200K Jobs in January

Economy Watch: U.S. Economy Creates 200K Jobs in January | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Total payroll employment increased by a net of 200,000 jobs in January, the Bureau of Labor Statistics reported Feb. 2. That’s an uptick from December’s revised total of 160,000 positions, but less than in November, when 216,000 jobs were created by the economy."

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Multifamily Lending Expected to Hold Firm or Rise in '18

Multifamily Lending Expected to Hold Firm or Rise in '18 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Planning to buy? "74% of mortgage bankers expect to see no downturn in the multifamily lending space this year."

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Apartment Rents Rise in 89% of Cities

Apartment Rents Rise in 89% of Cities | Dylan Simon -- Colliers International | Scoop.it
Citing Yardi Matrix data, RentCafe reported Wednesday that rents grew year over year in 89% of the 250 largest US cities during January. Nine percent registered flat growth for the month, while just 2%, or six cities, experienced a Y-O-Y decline.
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Fannie Mae Multifamily Posts Big 2017, Ranks Top Lenders

Fannie Mae Multifamily Posts Big 2017, Ranks Top Lenders | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Fannie Mae’s Delegated Underwriting and Servicing (DUS) program had a record year in 2017, providing more than $67 billion in financing and supporting over 750,000 units of multifamily housing."

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Charted: Transportation 2040 in the Puget Sound

Charted: Transportation 2040 in the Puget Sound | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

You may already be dreading your commute tomorrow, but what about in 22 years?

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Apartment Renters Continue to Dominate Many of the Nation’s Cities

Apartment Renters Continue to Dominate Many of the Nation’s Cities | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The percentage of households that live in a home they own fell to its lowest point—62.9 percent—in the second quarter of 2016….The homeownership rate had begun to recover slightly in 2017 and reached 63.9 percent by the third quarter of last year….That’s partly because the millennial generation is getting a little older….However, the recovery in the homeownership rate may stall in part because of the recent reform of the federal tax code."

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Rising cost of living offsets wage gains in Seattle - Puget Sound Business Journal

Rising cost of living offsets wage gains in Seattle - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Seattle wages are up 1.9 percent year-over-year. Check out which occupations have the fastest wage growth, and which are on the decline.
Dylan Simon's insight:

“Seattle's median base pay is up 1.9 percent year-over-year to $60,549. That's ahead of the national average of 0.9 percent, which reached $51,364. This time last year, national wages were up 3.7 percent….Real wages in Seattle fell by about 1.1 percent over the past year, according to Glassdoor's analysis.”

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First look: Inside the Amazon.com Spheres building in downtown Seattle (Photos) - Puget Sound Business Journal

First look: Inside the Amazon.com Spheres building in downtown Seattle (Photos) - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
The terrarium-like orbs at the heart of Amazon's Seattle campus feature treehouse meeting rooms and suspension bridges tucked in a canopy of more than 40,000 plants.
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King County property taxes rising between 9 and 31% — depending on your city

King County property taxes rising between 9 and 31% — depending on your city | Dylan Simon -- Colliers International | Scoop.it
Countywide, the 2018 property tax bills being sent out soon will be 17 percent higher on average than last year's. A spokesman for the assessor says it's "the largest property-tax increase in King County in modern history."
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Where Are Multifamily Developers Going Next?

Where Are Multifamily Developers Going Next? | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

“'Some of the high-end suburbs can handle additional development,' says Willett. 'There’s also building potential at the right price point in neighborhoods where workforce housing dominates.'”

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Real estate firm Broderick Group predicts Facebook will grow to 1 million square feet in Redmond - Puget Sound Business Journal

Real estate firm Broderick Group predicts Facebook will grow to 1 million square feet in Redmond - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Facebook has been snapping up properties in the Willows Road corridor, including a 16-acre site it recently bought for $20 million. (Coincidentally, Facebook's Menlo Park headquarters in California is on the similarly named Willow Road.) Facebook appears to be buying and leasing property for its Oculus Rift virtual reality headset program. The Puget Sound region is quickly becoming a hub for virtual reality development, with Microsoft's HoloLens, Valve and Google all working on the technology here.
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​Global markets sink, suggesting stock rout will go on - Puget Sound Business Journal

​Global markets sink, suggesting stock rout will go on - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Japanese shares were down about 7 percent at one point before ending 4.7 percent lower, while markets in Hong Kong and Taiwan dropped more than 4 percent. The selling was broad, hitting companies of all sizes across industries.
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How much would Frasier’s Seattle condo cost today?

How much would Frasier’s Seattle condo cost today? | Dylan Simon -- Colliers International | Scoop.it
It doesn’t exist—but if it did, how many millions would Frasier’s place command?
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2018 edition: What does it really cost to live in Seattle?

2018 edition: What does it really cost to live in Seattle? | Dylan Simon -- Colliers International | Scoop.it
Let's start with the news that Seattle has risen to sixth place on the list of the most expensive places to live, according to figures from the Arlington, Virginia-based Center for Regional Economic Competitiveness (CREC).
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Seattle can move forward with Burke-Gilman Trail’s missing link, hearing examiner says

Seattle can move forward with Burke-Gilman Trail’s missing link, hearing examiner says | Dylan Simon -- Colliers International | Scoop.it
Construction on the missing link is tentatively scheduled to begin this year. But a lawyer for the coalition challenging the city, while stopping short of promising an appeal, said the group would “pursue all of its options.”
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Microsoft Corp. leases 86,000 square feet near downtown Redmond, Washington - Puget Sound Business Journal

Microsoft Corp. leases 86,000 square feet near downtown Redmond, Washington - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Microsoft is planning a multibillion-dollar headquarters overhaul to increase office space by 2.5 million square feet and accommodate as many as 8,000 more employees. Meanwhile, Microsoft continues to lease office space elsewhere.
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15 months and counting: Seattle retains title as the nation’s hottest housing market

15 months and counting: Seattle retains title as the nation’s hottest housing market | Dylan Simon -- Colliers International | Scoop.it
Home prices in Seattle continue to climb faster than any other city in the nation, giving the Emerald City the title of the hottest housing market for the…
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EnCourage Realty's comment, November 1, 2:54 AM
great news
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Seattle area added 12,000 residential units in 2017—with a similar outlook for 2018

Seattle area added 12,000 residential units in 2017—with a similar outlook for 2018 | Dylan Simon -- Colliers International | Scoop.it
That’s 50 percent more than 2016
Dylan Simon's insight:

"Numbers compiled by Seattle in Progress show around 8,000 new units completed in the past year—around 7,500 if you only count multifamily development—in the Seattle city limits alone. More than 30,000 additional units have permits approved, and another 30,000 have applied."

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