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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Seattle Metro Report: June 2018

Seattle Metro Report: June 2018 | Dylan Simon -- Colliers International | Scoop.it
Check out the latest Seattle Metro Rent Report for June 2018 to see the most and least expensive cities and cities with the fastest growing rents.
Dylan Simon's insight:

Seattle Area Rent Growth - The Fastest Growing Cities (Y/Y%)

–Kirkland, WA had the fastest growing rent since this time last year, up 15.7%.

–Burien, WA rent had the second largest year over year growth rate, climbing 15.5%.

–Puyallup, WA ranked as third with rent growing 14.3%.

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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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Apartment Market Weathers the Storm of New Supply

Apartment Market Weathers the Storm of New Supply | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"High occupancy rates are helping keep apartment rents high and rising. 'Rent growth—while below the cycle’s peaks—has outperformed many investors’ expectations,' says Willett. Same-property rents for new leases climbed 2.6 percent in first quarter compared to the year before. That’s about the same as the rate of rent growth has been over the last four quarters, according to RealPage."

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Federal Reserve officials say economy is ready for higher interest rates

Federal Reserve officials say economy is ready for higher interest rates | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The Fed did not raise its benchmark interest rate at the meeting on Jan. 30 and 31, but the account reinforced investor expectations the Fed would raise rates at its next meeting in March….They said they intended to raise interest rates as the economy gains strength, and to seek to maintain public confidence in the 2 percent inflation target."

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Six Economists on the State of Commercial Real Estate in 2018

Six Economists on the State of Commercial Real Estate in 2018 | Dylan Simon -- Colliers International | Scoop.it
While there may be issues to keep an eye on—such as shifting consumer behavior and rising inflation and interest rates—the outlook remains positive.
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Economy Watch: Unemployment Stable in Most States

Economy Watch: Unemployment Stable in Most States | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"In terms of unemployment, all states have recovered from the worst of the recession, while some have seen spectacular turnarounds."

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U.S. added 148,000 jobs in December; unemployment at 4.1% - Puget Sound Business Journal

U.S. added 148,000 jobs in December; unemployment at 4.1% - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The December gain is the 87th consecutive month of job growth, an unparalleled stretch of good news for workers, who continue to be in high demand."

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Driving from Everett to Seattle? Plan for a 94-minute commute, new report says

Driving from Everett to Seattle? Plan for a 94-minute commute, new report says | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

The silver lining of Seattle traffic: "Over the last 10 years, traffic congestion has moved inversely with the unemployment rate — unemployment rises, traffic falls; unemployment falls, traffic rises."

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Economy Watch: Business Economists Expect Slowdown

Economy Watch: Business Economists Expect Slowdown | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The salient prediction: half of the respondents expect the next recession will occur sometime between the fourth quarter of 2019 and the second quarter of 2020. One-third suggests a later time, after the fourth quarter of 2020."

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Q1 Commercial Real Estate Deal Volume Hits $107 Billion, Representing Year-Over-Year Increase Of 6.7 Percent

Q1 Commercial Real Estate Deal Volume Hits $107 Billion, Representing Year-Over-Year Increase Of 6.7 Percent | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

“While some have anticipated the bottom falling out of the market for more than a year, Q1’s year-over-year uptick in deal volume suggests resilience in the commercial real estate sector.”

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Yardi: Multifamily Rent Growth Stays Strong in April | Multifamily Executive Magazine | Rents, Rent Trends, Apartment Trends, Supply and Demand, Economic Conditions, Economics, Rent Growth, Rental ...

Yardi: Multifamily Rent Growth Stays Strong in April | Multifamily Executive Magazine | Rents, Rent Trends, Apartment Trends, Supply and Demand, Economic Conditions, Economics, Rent Growth, Rental ... | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Gains in high-growth Western tech markets, including San Jose, Calif.; Seattle; Denver; and San Francisco, were at above-trend levels in the latest three-month period following a longtime deceleration trend from 2015 to 2017.

 

On a trailing three-month (T-3) basis, which compares the past three months to the previous three months, rents increased by 0.3% at the national level. San Jose led the nation, with 0.7% rent growth on a T-3 basis, while Chicago, Denver, and Seattle bounced back at 0.4% after short-term rent declines in late 2017 to early 2018."

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Apartment Completions Reach 30-Year High in 2017 | Multifamily Executive Magazine | Multifamily Trends, Absorption Rates, Occupancy and Vacancy Rate, Apartment Trends, Supply and Demand, Rental Market

Apartment Completions Reach 30-Year High in 2017 | Multifamily Executive Magazine | Multifamily Trends, Absorption Rates, Occupancy and Vacancy Rate, Apartment Trends, Supply and Demand, Rental Market | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Seattle comes in at #6 for Metro Apartment Supply Leaders in 2017, with 11,415 units delivered in 2017 according to RealPage – and there’s plenty left in our pipeline!

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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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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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HBR: What the big mergers of 2017 tell us about 2018 - Puget Sound Business Journal

HBR: What the big mergers of 2017 tell us about 2018 - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"2017 was the third year in a row with more than 50,000 mergers or acquisitions announced worldwide, according to Thomson Reuters — a record run….What do the most remarkable deals of 2017 tell us about this remix and its effects on our daily lives?"

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Economy Watch: GDP Up 3.2% in 3Q

Economy Watch: GDP Up 3.2% in 3Q | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"U.S. real GDP growth improved a bit in the third quarter, indicating economic growth remains steady as we head into 2018."

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