Washington State Commercial Real Estate (2024)

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Washington State information-

According to an estimate submitted by theUS Census Bureauin 2015,Washington State (WA)is the 8th highest US state experiencing fast population growth. It’s not so challenging to seeWashingtonperfectly perched on this high pedestal as the state not only has a booming job market but possesses quality living conditions such as weather, good education, and numerous parks.

To top that, Washington is home to many tourist attractions. Its dynamic mountain ranges coupled with a bubbling economy, fuelled by the tech industry, makes Washington the dream home for many Americans and foreigners.

Are you looking to move to Washington? Do you plan to settle down in one of its beautiful cities like Seattle? Here are some quick facts about Washington to get you started.

Washington State Commercial Real Estate (8)Quick Facts about Washington

Washington currently has a diverse population of over 7.6 million people, with females dominating the state. Located in the United States’ northwestern region along the Pacific, WA has a booming economy serviced by seaports and the bubbling tech industry. As a result, the state doesn’t lack jobs as it is home to thousands of global companies who trade locally and internationally.

Why You Should Move to Washington

Like many states across the US, factors like housing, transportation, feeding, clothing options, internet availability, leisure spots, etc., have a significant impact on Washington’s overall cost of living.

Are you looking for a reason to relocate to theevergreenWashington state? Here are seven solid reasons why you should make the move today.

A Plethora of Jobs

As far as employment is concerned, Washington has a lot of jobs. With the state having global brands like Microsoft, Amazon, and Google, its job market is rampant. These three corporate giants alone currently employ more than 100,000 people. And guess what; they aren’t even the state’s biggest employers.

You’re probably thinking,“But it’s all tech.”Not necessarily; in addition to these tech and multi-national corporations, Washington State has plenty of employment options, most notably the Boeing Company, which specializes in manufacturing and selling commercial jetliners and space equipment. Boeing alone employs 70,000 people.

Due to the state’s varied climate, Washington is one of the country’s leading agricultural regions, producing enormous fruits like apples and seafood. Located within WA is the Seattle port, which houses Alaska airlines and the world’s most famous coffee shop: Starbucks. You can also join the military, which offers plenty of civilian work both on and off-base.

Top-notch Education

Heard of the University of Washington; yeah, you’re going to want to enroll your kids here. This university, located near the seaports of Seattle, is the state’s premier research institution. It is a flagship in the country’s educational system. That’s not all. The Washington State University (different from the University of Washington) is another such research institution with 27,000 students.

The education in Washington is what it is: world-class. The state is riddled with a wide range of higher institutions offering four-year and two-year programs. Even the government is actively involved in the state’s education. In 2015, the state government cut down tuition at four-year colleges and public universities by a massive 15-20%, making college education very accessible to the masses.

If your kids are enthusiastic about college—and they should be—making a move to Washington makes perfect sense.

Affordable Statewide Housing Options

When it comes to the total number ofhousing optionsyou can have in a state, Washington takes precedence. While many states offer one significant capital and many other inferior metropolitan areas, Washington provides a sea of neighboring options that compete strategically with Seattle’s economy.

Yes, we are well aware that Seattle housing prices are on the rise; however, other areas of the state offer more affordable housing. For one, Olympia, the state capital, has housing options for families whose per capita income falls below the state average. Olympia ranks as one of the top 100 places to live in the country. It has maintained this high rank for more than half a decade.

Another option is Spokane, a city in eastern Washington near the Idaho border, which boasts numerous top-level institutions and a bubbling economy. Bellevue is a similar area for families who could afford a Seattle home but don’t want to live in Seattle. Bellingham, a town in northwestern Washington, shares a border with Canada. Tacoma, a city in west-central Washington and south of Seattle, has seven highways that connect to various cities in the state. Employment opportunities in each of these states are on the high side.

There is no writing off Washington in this aspect.

Diverse Weather

There is only one thing more diverse than Washington’s economy: its weather. Washington offers a large variety of contrasting climates. Although it rains quite often, Seattle still ranks a low 444th in annual rainfall in the country. There are wetter states.

The weather in the eastern and western wing of Washington contrasts significantly. Western Washington is noted for a mild climate, brought about by the Pacific Ocean’s coastal influence and the Olympic mountains. Whatcom County has become a favorite place for people looking to move out of the hustle of Seattle.

Eastern Washington has more snow. Cloudiness is a rarity here, as the east experiences 300 days of sunshine every year. The balance of climate diversity in Washington is heavenly; just perfect, like something out of a book.

Vast Water Bodies and Green Civilisation

With Washington State having close to 2,500 miles of marine shoreline, the state is perfect for business-minded individuals and corporates who love water-locked areas. Washington’s vast water body is attributed to Lake Washington, which runs around Mercer Island and is near Seattle.

Waterfront properties fill the state with affordable housing all around Bellingham, Oregon state line, and cities outside the Seattle area. The state’s massive water volume also allows the State-operated ferries to participate in Washington’s overall transport system. It is truly an oasis of sorts.

But that’s not all. According to numerous reports, Washington ranks top 5 for most eco-friendly states in the country. Go ahead; look at an aerial view of Washington. You will find uncountable vegetation within and around the state; this makes it very environment friendly. To buttress that point, transportation in Washington is made easy by the presence of these green habitats, one of which is cycling. This contributes to more mass transit options in the state.

Fascinating Outdoor Activities and Centers

There is quite a lot to do in Washington State on the weekends or during the holidays. The state is home to numerous tourist centers and historic national parks. Even if you lived here, it would take you a long time to get used to all the state’s massive structures.

Are you an outdoor enthusiast? Then Washington is the place to be. You can choose to visit the three national parks in the mountains, Olympic, North Cascades, and Mount Rainier National Parks which is in Pierce county -not to mention other notable spots like Discovery Park, Blake Island State Park, and Marymoor Park. You could also go on a vacation with your family to the shorelines. Washington’s water abundance makes the state an excellent place to go sailing, fishing, pleasure boating, or whale watching. During winter, you can have some fun snow skiing. The recreation options in this state are fascinating and just too numerous to count.

No Income Tax

While this sounds like something out of a dream, it is 100% true. Washington is one of only seven states in the country with no personal state income tax whatsoever. Nothing beats this, as the no income tax policy can help you save a lot more of your earnings. Keep in mind, however, that Washington has a pretty high state sales tax.

But seeing as themedian household income in Washington,$70,116, is way higher than the national average of $55,322, there is simply no reason why employees in Washington can’t have more money in their pockets.

Washington

There is no doubt about it: Washington is the place to be. With its government actively involved in the state’s development, Washington will only grow bigger economically and socially.

Joshandjolene.com has all the commercial real estate listings at your fingertips, making it a perfect site to search commercial real estate. With new listings added daily, check back often to be the first to find new investment opportunities as they become available:

Find your next commercial property in Washington State using our website. Use the filters to search by location, price, and size to find the property that fits your needs. Josh and Jolene’s listing updates will give you more information about Washington’s commercial real estate buying and selling trends. If you’re thinking of selling your commercial building or land in WA, we can help you get the best price. Josh and Jolene are redefining commercial real estate with technology, full-service, and higher-quality agents for our buyers and sellers. With new listings added daily, check back often to be amongst the first to discover new buildings and property for sale: view photos and detailed descriptions.

Washington State Recently Sold Commercial Real Estate

$2,200,000Sold915 Harris AvenueBellingham, WA 98225View Listing

$710,000Sold4063 Northwest AvenueBellingham, WA 98226View Listing

$1,300,000Sold3410 Northwest AvenueBellingham, WA 98225View Listing

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Washington State Commercial Real Estate (2024)

FAQs

How to pass the WA real estate exam? ›

Tips on What to Do During the Washington Real Estate Exam
  1. Skip hard questions: Instead of answering all the questions in order, skip over ones you're not sure about. ...
  2. Build your confidence: Answering the questions you know first will help build your confidence so you can tackle the more challenging material.

What is the passing score for the Washington state real estate exam? ›

Pass the Washington Real Estate Broker Exam

There are two portions of the exam: state and national. You have three-and-a-half hours to complete both sections of the exam. The state exam has 40 questions, and the national exam has 100 questions. All exams require a "scaled" score of 70% to pass.

How many times can you take the real estate exam in Washington state? ›

If you're approved to take the reciprocity exam, you have 6 months to pass the state exam and can retake it as many times as scheduling allows. If you don't pass within 6 months, you must submit a new application and license history.

What questions are on the Washington state real estate exam? ›

Washington Real Estate Exam Questions:
  • Contracts - 17 Questions.
  • Practice of Real Estate - 13 Questions.
  • Principles of Agency (General) - 13 Questions.
  • Financing - 10 Questions.
  • Real Estate Calculations - 10 Questions.
  • Transfer of Title - 8 Questions.
  • Property Ownership - 8 Questions.

Where is the hardest real estate exam? ›

The difficulty of the real estate exam varies by state, but the California real estate exam is known to be one of the most difficult. In fact, the pass rate for the California real estate exam in the last two years was under 50%, which means it's incredibly competitive and difficult to pass.

How hard is it to get a real estate license in Washington state? ›

To qualify for a license, you must: Be at least 18 years old. Have a high school diploma or equivalent. Complete 90 hours of approved real estate education including a 60-hour course in Real Estate Fundamentals and a 30-hour course in Real Estate Practices.

Is the Washington State real estate exam open book? ›

No, the real estate license exam administered across different states is not open-book.

How many questions are in the WA brokers exam? ›

Broker Exam Content

The Washington broker exam is actually two tests in one. There are 100 questions for the national portion and 30 questions for the state portion.

What happens if you fail the CE shop final exam? ›

Licensees must wait at least 30 days and no more than one year after failing the final exam before making a second attempt. If the student does not pass in the second attempt, the student will be required to re-purchase and re-take the course if the student desires credit for the course.

How much does the Washington state real estate exam cost? ›

Washington Real Estate License Exam

After you've completed your pre-license education and your school has submitted your education information, it's now time to take the Washington Real Estate Exam. The fee to take the exam is $138.25 per attempt. The Washington Real Estate Exam consists of 130 questions.

What passing score must be achieved on the Washington managing broker's exam? ›

Once the prerequisites have been met, an applicant must:

Complete 90-hours of commission-approved Managing Broker Pre-Licensing education. Pass the coursework final exam with a score of 70% or greater.

How hard is it to pass the Oregon real estate exam? ›

If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies. The passing rate for the Oregon Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible.

How hard is the real estate exam in Oregon? ›

The passing rate for the Oregon Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!

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