Company OverviewLocation! Location! Location! The connection between a desirable location and real estate value is well established; unfortunately it is not that simple. The truth is that a location’s relative value changes over time. Knowing the direction and the worth of a location five or ten years from now is how real return is created.
Three patterns of development will emerge that drive superior locations over the next ten years:
- An increasingly vertical, vibrant and mixed-use center city, where the downtown is truly the center of road and transit networks.
- The creation of vertical and walkable urban villages in traditional suburban locations (downtown Bellevue being the best example) that are well served by transportation infrastructure.
- Mixed-use, mid-rise development around high capacity transit stops, also known as Regional Centers, which will begin with residential and retail development and grow to include all uses.
Now, as we enter a market cycle that puts pressure on real estate, these trends will be more evident and will directly impact values.
Ultimately, the market share enjoyed by these real estate forms will increase. They will achieve greater market penetration, increases in investment, and higher percentages of new absorption.
Our company not only has the experience to capitalize on this shift in the American landscape, but also the civic passion to be an active participant in the middle of it.