Here s why Bellingham commercial spaces show surprising results during the COVID-19 pandemic
The Bellingham Herald 8 hrs ago Dave Gallagher, The Bellingham Herald (Bellingham, Wash.)
Apr. 18 While the COVID-19 pandemic upended Bellingham s economy in many ways, demand for commercial property hasn t suffered here as much as elsewhere.
The vacancy rate for retail stores in the first quarter of 2021 in Bellingham increased slightly since 2015, according to Ryan A. Martin, co-owner and broker at Pacific Continental Realty in Bellingham. Martin was a volunteer analyst for several years for the Whatcom Real Estate Research Report, which tracked commercial property vacancy rates until it was discontinued in 2015. He compiled Bellingham commercial real estate data for what will be a regular Pacific Continental Realty report on market conditions.