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George Ratiu, Director of Quantitative and Commercial Research, and Stephanie Spear, Commercial Regulatory Policy Representative, provide an update on the commercial real estate market trends for the 2nd Quarter.
WASHINGTON (August 29, 2016) — Buoyed by a steadily improving labor market and strong demand for multifamily housing, commercial real estate activity should remain on an upward trajectory, with a growing share of it is expected to be in smaller markets, according to the National Association of Realtors® quarterly commercial real estate forecast.
National office vacancy rates are forecast by Realtors® to fall 1.5 percent to 10.4 percent over the coming year as employment gains boost demand for office space. The... Read More
Stephanie Spear of NAR Government Affairs meets with a representative of the Mortgage Bankers Association to discuss capital standards and how regulatory issues could impact the availability of mortgage financing for commercial real estate.
The leg of the Consumer Advertising Campaign focusing on commercial real estate showcases to consumers the benefits of working with a REALTOR® when looking for a commercial space. The ads explain that the right commercial space is a competitive advantage and that having a REALTOR® by their side is the ultimate secret weapon when searching for that competitive advantage.Media Partnerships Money and Fortune
NAR is partnering with Money and Fortune magazines to create a 10-part series of articles designed to showcase unique, out-of-the-box... Read More
Abby Jagoda, Director, Federal Government Relations for the International Council of Shopping Centers (ICSC) talks with Stephanie Spear, NAR Commercial Regulatory Policy Rep, about what issues ICSC members are facing and how NAR and ICSC can work together to address them.
Rod J. Alba, Sr. Vice President, Mortgage Finance & Senior Regulatory Counsel of the American Bankers Association, sits down with Stephanie Spear, NAR Commercial Regulatory Policy Representative, to talk about common issues facing ABA and NAR members. Hear about what regulatory efforts ABA has been up to in 2016 and how NAR members can work more with ABA members.
With a slowdown in global economic activity, financial market volatility and a contentious presidential campaign, commercial real estate investors have taken a step back in the early months of 2016. The U.S. economy sputtered during the first quarter of 2016, with gross domestic product advancing at a weak 1.0 percent... Read More
The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.Highlights
- 66 percent of REALTORS® closed a commercial sale.
- Sales volume rose 8.4 percent from a year ago.
- ... Read More
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The NATIONAL ASSOCIATION OF REALTORS® Commercial Member Profile details the business and demographic characteristics of NAR commercial members. Commercial members have expertise in the field of commercial real estate and have experience working in many property types.
- ... Read More
WASHINGTON (July 28, 2016) – The median annual income and number of sales transactions of National Association of Realtors® commercial members decreased slightly as the number of new commercial members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile.
The number of commercial members with less than two years of experience nearly doubled to 9 percent in 2016, from 5 percent in 2015. The annual study's results represent Realtors®, members of NAR, who conduct all or part of... Read More
Welcome to this special edition of Commercial Connections, with highlights from the commercial perspective and activities during the REALTORS® Legislative Meetings & Trade Expo. While it’s a condensed glimpse of what happened during the week, the important conversations had by your commercial real estate colleagues involved at the national level has great importance and long-lasting impact. Thanks to the many members and staff who contributed photos and quotes used in this publication.
We encourage you to dig deeper, attend future meetings and help continue to... Read More
Commercial real estate investment trends were positive in 2015, with sales of large cap CRE transactions totaling $543 billion, based on Real Capital Analytics (RCA) data. However, in the first quarter 2016 sales volume dropped 20 percent on a yearly basis, to $111 billion. In contrast to the large cap transactions reported by RCA, commercial REALTORS® managed transactions averaging less than $2.5 million per deal, frequently located in secondary and tertiary markets. The Commercial Real Estate Lending Trends 2016 shines the spotlight on this significant segment of the economy.
The Commercial Innovation Grant Program assists REALTOR® associations with funding to help local and state associations launch new or make innovative enhancements to commercial services.
To apply, download and complete the Commercial Innovation Grant Application (.DOC, 35KB). If you have any questions during the application process, please contact Shara Varner at 312-329-8282 or via email at svarner@... Read More
The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.Survey Highlights
- 58% of REALTORS® closed a commercial sale.
- Sales volume totaled $51.6 billion
- Sales volume... Read More
Good news for the U.S. commercial real estate industry: The Protecting American Taxpayers from Tax Hikes (PATH) Act includes two very positive FIRPTA provisions that are conservatively estimated to boost foreign investment in U.S. commercial real estate by $20-$30 billion per year.
However, as part of a package of tax changes to “pay for” the two provisions, Congress also included an increase in the FIRPTA withholding rate from 10 percent to 15 percent. It should be noted that residences purchased from foreign persons will not be affected by the higher withholding rate... Read More
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NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets.Highlights
- Commercial real estate in small cap markets maintained its upward momentum during the first half of 2016, with REALTORS® reporting continued improvement in... Read More