Just as new residents are flooding the Portland real estate market, as are new businesses. This boom in our local economy has made commercial real estate a commodity. If your business is headed for expansion in 2018, consider these trend forecasts for commercial real estate.
From Forbes, “The benchmark lending rate rose in December by a quarter percentage point, to a target range of 1.25% to 1.5%. At its December policy meeting, the Federal Reserve left unchanged its forecast for three 2018 rate hikes, following three increases in 2017.” Watch these rates as you begin the process of moving your business.
Mixed Use Construction
The growth of the Portland metro area has greatly come in the form of mixed-use buildings which utilize ground floors for commercial use and keeps upper floors residential. Picture your boutique, showroom or service comfortably seated at the street level of these developments.
CMBS Growth To Slow
From Bisnow.com, “A massive wall of CMBS loans issued between 2006 and 2007 was set to mature this year. Between June and November, roughly $41.7B in CMBS debt matured and was in need of refinancing. Though the pace of maturing debt will taper off in 2018 there is still $100B in CMBS debt in need of refinancing.”
Stonebridge Mortgage Group can help you with your real estate loans and other mortgage solutions, both residential and commercial. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580