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Cameras have been installed on I-90 that scans license plates of passing vehicles.  The primary reason for these cameras is to find stolen vehicles, respond to Amber Alerts, etc…  However, there has been an ancillary benefit to the installation of these cameras.  Local economist Jim Stravens has used the data to analyze traffic and visitor patterns.  Stravens has found that 47 percent of the traffic passing the cameras is from visitors.

For a full rundown of the data please click through to the following article:
Security cameras show visitor patterns - CDA Press

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Google has created a powerful tool called Google Trends that enables consumers to chronologically view search & news activity for popular terms. Below is a chart of the term “Commercial Real Estate“.

What does this tell us? If you look closely you will notice a spike in activity at the end of each calendar year and at the end of each fiscal year. These periods are historically busy months for commercial real estate brokerage, especially for 1031 exchanges. To try out different terms visit www.google.com/trends

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On March 20th, Coldwell Banker Commercial hosted a commercial real estate forum. Here are the slides, video and market report from the forum.

· Market Forum Slides

· Market Forum Video

· 2008 Commercial Market Report

If you need a hard copy of any of the material, please don’t hesitate to contact us.

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Street view was just added to Google maps in Spokane.  Users can now "drive" around town and see the area all from their computer.  Try it out at www.maps.google.com

Another interesting view of Spokane, Post Falls & Coeur d’Alene is Microsoft’s "Bird’s Eye View" found at www.maps.live.com

View Larger Map

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Take a look at the following website that tracks new retail big box construction nationwide.

Big Box Watch — tracking new retail construction

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A new website for rent prices launched today.  From their description on zilpy.com, Zilpy is a free online rental market facts and analysis service dedicated to help you make better rental and investment decisions.

The following is a screenshot of the Zilpy page for Spokane

Check out a few of their local pages:

Coeur d’Alene
Spokane
Cheney

Washington
Idaho

Their website bills itself as a site for investors, renters & landlords.

I found it interesting that some of the smaller towns such as Pullman and Sandpoint did not have enough data to depict an accurate picture.  Overall this is a good start and in true Web 2.0 form they are still in beta.  We’ll watch to see how this site develops in the future.

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