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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Value of Seattle-area commercial construction starts drops more than half compared to last year

Value of Seattle-area commercial construction starts drops more than half compared to last year | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

The value of commercial starts may have dropped, but residential seems to be going strong: "On the residential side, however, the value of multifamily and single-family starts through April jumped 42 percent to just over $2.9 billion."

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Seattle DJC.com local business news and data - Architecture & Engineering - Durkan to fast-track backyard cottages

Dylan Simon's insight:

"Seattle will fast-track preapproved designs for detached accessory dwelling units (DADUs) and hire architects to develop several standard architectural plans for backyard cottages that could be built and permitted more quickly and at a lower cost."

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Clark Construction Group Takes a Look at Defining Market Trends in the Year Ahead

Clark Construction Group Takes a Look at Defining Market Trends in the Year Ahead | Dylan Simon -- Colliers International | Scoop.it
All markets are hot. The Puget Sound construction market is well diversified. High-rise residential and office, healthcare, higher education, transportation, hospitality, and K-12 are all going strong. Local, National and foreign investors are all jumping on the Seattle bandwagon, and unlike typical markets where the general theme is cyclical change, this is not the current state in Seattle.
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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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10 skyscrapers under construction in and around downtown Seattle

10 skyscrapers under construction in and around downtown Seattle | Dylan Simon -- Colliers International | Scoop.it
Projects transforming the downtown skyline
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Washington state added nearly 100,000 jobs in 2017 - Puget Sound Business Journal

Washington state added nearly 100,000 jobs in 2017 - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Nearly 10,000 people disappeared from the state's workforce in December — but the Seattle area didn't feel it a bit.
Dylan Simon's insight:

Continued growth for Washington State, which added 95,500 new jobs in all 13 industry sectors last year, with professional and business services and the construction industry leading the way.

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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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Economy Watch: Employment Up by 223K Jobs in May

Economy Watch: Employment Up by 223K Jobs in May | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Increases in job creation signal positive impacts on demand for commercial real estate at this stage in the market cycle: “Total payroll employment increased by 223,000 jobs in May, the Bureau of Labor Statistics reported on Friday, beating the average of the previous 12 months, which was an increase of 191,000 and up from 164,000 in April.”

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'Overheated' Seattle and S.F. will have highest U.S. construction cost increases in 2018, report says

'Overheated' Seattle and S.F. will have highest U.S. construction cost increases in 2018, report says | Dylan Simon -- Colliers International | Scoop.it
Seattle and San Francisco, two booming tech hubs, will see the fastest construction cost increases in the U.S. this year, according to a new report.
Dylan Simon's insight:

"Both cities will see costs rise by 5 percent, outpacing the expected 4.3 percent increase in the top 46 global markets, according to the company's annual International Construction Market Survey. The expected rate of cost escalation for San Francisco is unchanged from 2017, when it also rose 5 percent."

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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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Seattle DJC.com local business news and data - Construction - Seattle loses 13 cranes in latest count

Seattle DJC.com local business news and data - Construction - Seattle loses 13 cranes in latest count | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Although there are fewer cranes in our skyline, Seattle still comes out on top in the US – “The RLB Crane Index, to be released next week, will show Seattle lost 13 cranes over the past six months that ended in November, reducing its total to 45 cranes. Despite the 22 percent drop, Seattle still leads the 11 U.S. cities tracked.”

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Exclusive Research: Clear Sailing for the Industrial Sector through 2018

Exclusive Research: Clear Sailing for the Industrial Sector through 2018 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Industrial is the new industry buzzword: "Whether it comes to occupancy rates, rents or even cap rates, sentiment has improved from a year ago. In addition, fewer respondents are worried about the potential for overdevelopment, with a substantial minority worried that, in fact, too little new construction is taking place."

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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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New report: Construction activity slowed in Seattle area at end of 2017 - Puget Sound Business Journal

New report: Construction activity slowed in Seattle area at end of 2017 - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Residential construction isn't immune from the trend, either, down 8 percent for the year through November. In the month of November, it fell 14 percent."

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