Economic Winds

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.

Holiday travel hits high gear – busiest since 2007 

County jobless rates dips – lowest since January 2009

FDIC: Bank earnings hit 4 year high

US exports highest on record

Economy grew in 3rd quarter: expected to continue in 4th

Industrial production rising

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.





Jim West is a Commercial Realtor in Vancouver Washington. His specialty is helping local companies Stop Leasing! and Own their business property. He also works as a Tenant Representative - assisting companies to locate and negotiate a successful Lease for their business operations. He has a public workshop series called Commercial Property Success Series.

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