Have you noticed the change in the tenor and types of economic stories the past two months? As we slogged through the spring all the way through to late summer of 2011, stork markets were reeling and we were inundated by stories expressing fear around the idea that the economy was slowing to a point that we might be slipping into a double dip recession. In response I posted a blog on July 12 entilted ‘Three views on why the recovery continues “ which stated the case that we would regain momentum as we moved forward. Clearly there are worrisome clouds on the horizon with Europes troubles, and no band is striking up a chorus of ‘Happy days are here again”, however I submit these articles and reports of economic activity as signals that we are making progress.
Headlines can still be unsettling. The markets have taken another tumble, as the Super comittee dithered, and the Europeans bickered. Through it, American citizens and people keep grinding forward harnessing that restless energy that has driven us for over three centuries.
How does this relate to Commercial Real Estate ? I’ve put two buildings under contract wthin the past 10 days, have completed 4 leases within the last 30 days, and have 4 more in process. People and companies are making comittments to their future, where 18 months ago their tendency was to delay. 2012 – Election year – interest rates remain low, property prices are affordable, construction costs still reasonable.
While we say our agency’s have no money, we have an exciting new vision from the CREDC. We have an entire new economic development agency in East County. We developed a complete Branding and marketing campaign for Clark County – Land Here/ Live Here almost through shear will, determination and imagination by a comitted group a civic leaders and volunteers. We’re working with Portland as never before. While the weather may not appear to have changed dramatically, it cetainly appears the winds have shifted and we’ll continue to improving skylines soon.