The market for commercial real estate in Bellingham WA is strong and manufacturing buildings are one of the leading sectors in growth. During the recession recover years of 2010 through 2012, rental rates for manufacturing buildings were as low as $0.28 per square foot. In today’s market, current lease rates for industrial buildings are in […]
Created in 1986, the Low Income Housing Tax Credit (LIHTC) program was created to fuel the growth of affordable housing throughout the nation, by offering tax credits to multi-family developers that build affordable housing apartment building projects. To build LIHTC multi-family housing in Bellingham, developers typically partner with the Bellingham Housing Authority.
The statistics provided in the Spring 2018 Washington State Apartment Market shows that the vacancy rate for all types of Bellingham WA apartment units is about 1.3%. It’s also important to point out that the apartment vacancy rate in Washington has decreased from 6.5% (Fall 2009) to 1.3% (Spring 2018). It’s obvious that Bellingham WA […]