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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Big banks slip into bear market territory as rates rise

Big banks slip into bear market territory as rates rise | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

“Among the 39 ‘Sifis’, financial institutions considered systemically important by the Basel-based Financial Stability Board, 16 are down more than 20 per cent from their recent peaks in dollar terms, meeting the standard definition of a bear market.… The synchronised dips were a sign of global financial stress, said Ian Harnett, managing director of global strategy at Absolute Strategy Research in London, who this week used the data to send out his first ‘Black Swan’ alert since 2009.”

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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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US Treasury yields plunge on Italy fears

US Treasury yields plunge on Italy fears | Dylan Simon -- Colliers International | Scoop.it
Treasury yields plunged by the most since Brexit on Tuesday as Italy’s political crisis spurred investors to seek out the safety of US government debt and ratchet down the odds of Federal Reserve rate hikes.
Dylan Simon's insight:

"There is now a nearly 30 per cent chance the US central bank shelves a June rate increase, which last week looked like a certainty, according to probabilities derived from Fed funds futures. The turbulence also casts doubt on whether the Fed will raise interest rates three times this year, as it predicted in December. So far, the Fed has raised rates once in 2018."

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Rental Housing Sector Worth $8T: Berkshire Group

Rental Housing Sector Worth $8T: Berkshire Group | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"According to their newest report, the U.S. apartment market is larger than office, industrial and retail combined, with multifamily accounting for $2 trillion of that total."

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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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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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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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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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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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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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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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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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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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A warm feeling for tech hubs: Payscale maps the hottest counties in U.S. for employee pay

A warm feeling for tech hubs: Payscale maps the hottest counties in U.S. for employee pay | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"It might be chilly in Seattle this week, but a new interactive “heat map” from the folks at Payscale shows just how hot the region was in 2017 when it came to employee pay compared to the rest of the country….the same worker would earn 48.4 percent more in King County, Wash., than she would in Dakota County, Neb."

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