TOK Commercial is pleased to announce the addition of Drew Ulrick to the firm’s Inland Northwest brokerage services team.  

Mr. Ulrick is a highly accomplished industry professional and one of Spokane’s leading commercial real estate agents.  His career spans over 11 years offering his clients exceptional market knowledge and representation capabilities.  Mr. Ulrick has advised a wide variety of industrial and retail tenants, landlords, owners, buyers, and investors, guiding them through project lease-ups, acquisitions, and dispositions of commercial real estate, assets.  

Fundamentals remained healthy for the Retail market at the end of Q3. Total vacancy ended at 4.3 percent, marking September as the 7th consecutive month where vacancy has remained below 5 percent. Overall vacancy is anticipated to stay tight through the remainder of the year, which will ultimately keep lease rates on the rise.

Over the past 12 months, the market has seen the delivery of more than 4.3 million square feet of new industrial space. This increase in supply has ultimately caused overall vacancy to remain elevated at 8.6 percent. Multitenant vacancy is currently at 23.2 percent, slightly below the record high of almost 24 percent seen at the end of June. Overall months of supply has also increased to 18.7 months, up from 12.6 months at this time last year.