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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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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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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Redfin migration report finds a first for Seattle: More users searching for a way out of city than in –

Redfin migration report finds a first for Seattle: More users searching for a way out of city than in – | Dylan Simon -- Colliers International | Scoop.it

"For the first time, Seattle saw more Redfin users — those shopping for a place to live — looking to leave the area than to move into it."

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The Bigger Picture Revealed by This Homebuying Stat

The Bigger Picture Revealed by This Homebuying Stat | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The finding that 64% of the population lives in markets that are more affordable to rent than buy, showing that homebuying will continue to be an uphill battle in 2018."

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Amazon's real estate chief John Schoettler just outlined the company's top priorities for HQ2 - Puget Sound Business Journal

Amazon's real estate chief John Schoettler just outlined the company's top priorities for HQ2 - Puget Sound Business Journal | Dylan Simon -- Colliers International | Scoop.it
“We look forward to cities that are also progressive and are thinking forward and long-term in terms of affordable housing and mass transportation and being able to move people around,” Schoettler said.
Dylan Simon's insight:

“'We look forward to cities that are also progressive and are thinking forward and long-term in terms of affordable housing and mass transportation and being able to move people around,' Schoettler said."

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Ten years ago, Amazon changed Seattle, announcing its move to South Lake Union

Ten years ago, Amazon changed Seattle, announcing its move to South Lake Union | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Can you believe it's been a decade since Amazon made their move to SLU? "Ten years ago Thursday, Amazon announced it would move to South Lake Union, consolidating the company’s growing footprint into an 11-building campus and abandoning the former hospital building on Beacon Hill that the company had called home."

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Miami condo listed on Redfin has one bedroom, high ceilings, great view … but do you have Bitcoin?

Miami condo listed on Redfin has one bedroom, high ceilings, great view … but do you have Bitcoin? | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The home price is listed at $33 in Bitcoin and a 20 percent down payment equates to $7. That price translates roughly to $535,000 at current market prices for the cryptocurrency."

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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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'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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The Apartment Sales Market Takes Off in Q1

The Apartment Sales Market Takes Off in Q1 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"After stumbling out of the gate in 2017, the apartment investment market posted a strong Q1, according to Real Capital Analytics (RCA), deal volume growing by 55 percent, year-over-year. Of the sectors tracked by RCA, the apartment sector, which saw 27 percent more activity than office, was the 'largest, most liquid' commercial group in Q1, RCA reports."

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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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The return on investment of intelligent buildings - Colorado Real Estate Journal

The return on investment of intelligent buildings - Colorado Real Estate Journal | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"While intelligent building management systems (BMSs) come at some cost, property managers with cloud-based BMSs stand to save 25 to 50 cents per square foot in energy costs on an annual basis, which could pay off the cost of the system in one and a half to four years."

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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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Seattle's Hot Markets Now Reach Well Beyond The Still-Hot Urban Core

Seattle's Hot Markets Now Reach Well Beyond The Still-Hot Urban Core | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Predictability in planning and infrastructure are important in the success of an emerging market, Parks said. 'Plans laid down by municipalities have to have enough flexibility to allow developers to achieve their goals, as well as the goals of the municipality, such as placemaking or walkability.'"

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