Bellingham Commercial Real Estate
With the revitalization of its historic waterfront, Bellingham commercial real estate is sky-rocketing. This revitalization has caused a wave of new construction in the downtown, while residents and property owners have seen a dramatic increase in their property values. Much of this growth can be traced to Bellingham's new-found status as a relocation destination. An influx of new residents has increased demand for housing and residential space, and subsequently turned many people into investors, as the demand for rental properties has also increased.
Bellingham's specific location is indeed enviable: backed by the shimmering Cascade Mountains, and situated along a stretch of the Pacific coast that is protected from wind and waves by the surrounding islands, Bellingham's waterfront is a beautiful expanse of land with great potential.
Major plans currently in the works include a harborfront expansion of Western Washington University, creation of parks, and public greenspace — which will also increase property values — plus, the City's plans call for "a new city neighborhood with homes, shops, offices and light industry, as well as parks and promenades, [and] a healthy shoreline habitat along Bellingham Bay..." Major development and revitalization projects like these complement and give rise to smaller, independent business and commercial opportunities, thus creating a symbiosis of top-down and grass-roots initiatives.
- Contact Ben Kinney and the Home 4 Investment Team, Bellingham Realtors