Principal broker and partner, Pat Kesgard, CCIM invited guest Jeannette Lockwood of Plus Property Management to speak with Heather Roberts, co-host for this installment of the KBND Morning News guest interview. It’s no secret Central Oregon has a shortage in multifamily housing. There have been improvements in housing vacancy rates and there are plans for more building of single family and multifamily to help the housing crunch. Is it enough?
Listen to the full interview at the link below.
President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview. Compass Points® commercial real estate market report was released for the third quarter of 2018. Vacancy rates have dropped yet again. What does that mean for businesses in the region? Pat encourages businesses to be forward thinking in an effort to anticipate the impending growth in population rates for the Central Oregon region.
Listen to the full interview at the link below.
President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview. As one of the brokers of record for the City, Pat offers information about progress on the advisory committee for Juniper Ridge, the needs for infrastructure for that northeast portion of development in Bend. In addition, hear a brief redevelopment update for areas within the city.
Listen to the full interview at the link below.
President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview about what’s happening on in Central Oregon, touching on topics such as:
Listen to the full interview at the link below.
Read more about vacancy rates in Central Oregon.
President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview for his monthly visit to talk about what’s happening on the ground floor of the growth happening in Central Oregon, touching on topics such as:
Listen to the full interview below.
President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview for his monthly visit to talk about:
Listen to the full interview below.
What affect do the low vacancy rates and rising lease rates have to do with construction in Central Oregon? In addition to hearing about market research from the latest Compass Points report, you’ll hear about factors that affect viability of new construction projects, limited amount of buildable land, and many more facets of growth happening within Central Oregon’s commercial real estate industry during this interview between Compass Commercial Real Estate Services president, partner and broker Pat Kesgard, CCIM, and Heather Roberts, Co-Host of KBND’s Morning News.
President and principal broker, Pat Kesgard, CCIM was published in the Cascade Business News, April 18, 2018 issue with an article about where we are in the economic cycle as it’s related to local commercial real estate. Below is an excerpt of the article as published by CBN. Read the full article as published here.
“When buying and selling commercial real estate, timing is right up there with location. Much like with stocks, the goal is to buy low and sell high. With real estate though, there is also the consideration of maintenance, management and potential income. These are factors within the market but the economy also affects the return on investment. Considering where we are now in the economic cycle, approaching the peak of the bell curve on the left side, can be a scary thought to many. However, it’s a good idea to look at the factors surrounding that position in the cycle, giving the opportunity to be proactive in strategy.
“Unlike where we were ten years ago, we are not in a market where banks are loaning money to those who are not qualified. Since 2012 banks are required to lend only to qualified buyers and have worked to diversify their lending portfolios. These practices will help to ensure the banking industry doesn’t end up in the same position we were during the last two big downturns. Overall, the economy is in a solid position and businesses are doing well. Bend has low vacancy rates, but the surrounding cities in Central Oregon have plenty of opportunity for growth.
“We do believe there’s a downturn coming but the question is when and what it will look like? Our brokers at Compass Commercial Real Estate Services have had many conversations with owners of commercial real estate around this topic. We often hear questions…”
Read the full article as published in the CBN here.
Contact Pat Kesgard, CCIM for more information about commercial real estate industry by calling 541.383.2444.
Keep tabs on the commercial real estate market in Central Oregon by subscribing to Compass Points, our quarterly market report.
There has been many conversations around the topic of the economic cycle and if we are in a bubble. In this month’s KBND Morning News Interview with Heather Roberts, company President, Pat Kesgard, CCIM discusses some perspectives and factors to help alleviate the worry about a similar economic downturn.
Where are we in the economic cycle? What does development look like with the limited supply and the high demand? One thing is sure, demand is high for growing companies and companies wanting to move to Bend.
President, partner and broker Pat Kesgard, CCIM shares about the nuances of taking advantage of the unannexed UGB land, existing buildings and more. Listen to the full interview with KBND’s Heather Roberts below.