Insights

According to a recent CNBC article, for the first time in 25 years, the aggregate square footage of office space is shrinking. In other words, there is more office space that is being redeveloped or removed than being added. According to CBRE data, by the end of 2025, over 23 million square feet of office…

Already helping fuel a commercial real estate (CRE) recovery, and therefore part of the latest CRE “buzz,” is the demand for  Artificial Intelligence (AI) data centers.  As more companies, large and small, adopt AI, demand for more data centers will increase exponentially. Though data centers are most likely to locate in areas that provide access…

Since the announcement of President Trump’s intention to impose tariffs on Canadian goods, businesses, especially in border communities like Whatcom County, have been waiting to see how impactful these tariffs would be. Unfortunately, since the tariffs first took effect in March 2025, many businesses that depended on Canadian traffic are suffering as border crossings have…

The three main lease types in commercial real estate are NNN, Modified Goss, and Full-Service Gross leases. While NNN leases (where the tenant pays base rent in addition to their proportionate share of operating expenses) are the most common type of lease in our market, we often will take on management of properties with gross…