AREA Real Estate

AREA Real Estate

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opened its commercial real estate Spokane office in 2004, and since that time, has proven itself as a leading commercial real estate transaction firm within the city. Focusing on the Commercial Investment markets of Self Storage facilities, Land Development, Mixed-Use Retail, Apartments, Manufactured Housing Communities, and Single Tenant Net Leased properties throughout the Northwest.

10/31/2022

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β–ͺ️Over the last two years the self-storage industry has benefited form lack of seasonality, muted move outs, and historically high occupancies and pricing power, which has led to outsized returns.

β–ͺ️Most of you have enjoyed and benefited form double-digit revenue and net operating income growth. It has been a great run!

β–ͺ️As we head into the fall, we continue to observe larger than normal move outs across our management portfolio. This is consistent with the self-storage REITS and other large operators in our industry.

β–ͺ️Without a doubt we are officially past the COVID bump and we should all expect more seasonal fluctuations in occupancies and more moderate revenue growth over the next several quarters.

For more information on the Self-Storage Market and to see more of our listings follow us ➑️
and !

Photos 06/16/2022

Just closed - two assisted living facilities. Email [email protected] or [email protected] for more info.

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Telephone

Address


4200 S Cheney-Spokane Road
Spokane, WA
99224

Opening Hours

Monday 7am - 10pm
Tuesday 7am - 10pm
Wednesday 7am - 10pm
Thursday 7am - 10pm
Friday 7am - 10pm
Saturday 7am - 10pm