Commercial leasing rose 5% over the prior quarter, with new construction showing a similar 4% gain as demand for space accelerated.
Involvement in your state or local association can develop your leadership skills, strengthen the organization, and have a positive impact on your business. Leil Koch, CCIM, CIPS, CPM, CRB, Chair of NAR’s Commercial Committee, shares how his association experience has been beneficial.
Because of the importance of terrorism insurance coverage to commercial real estate, NAR supports the continued availability and affordability of coverage made possible by the federal backstop program of the “Terrorism Risk Insurance Act of 2002” and its extensions.
The program provides stability and creates a viable insurance market, with widely available coverage and affordable premiums, at virtually no cost to taxpayers. Sustaining a viable private market for terrorism insurance depends on the federal backstop. If TRIA is allowed to expire, or when there is even... Read More
NAR President Steve Brown talks about the Terrorism Risk Insurance Act (TRIA) and NAR's support of the bipartisan bill to extend it for seven years.
Akron Cleveland Association of REALTORS®: What’s Driving Notheast Ohio (NEO): Healthcare; Holding an educational and networking program with an emphasis on the healthcare industry's impact for area commercial practitioners and the kick-off of our newly merged association’s commercial program; launching ACAR as a leader in Northeast Ohio’s commercial practitioner arena.
... Read More
Commercial Member Profile Report
Based on a random sampling of NAR’s Commercial members, the 2014 Commercial Member Profile gives a detailed overview of a variety of demographic characteristics and business practices of REALTORS® who specialize in commercial real estate. This infographic presents a sample of data from the report. Read the full report here.... Read More
WASHINGTON (May 27, 2014) – The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014, according to the National Association of Realtors® quarterly commercial real estate forecast.
Rochelle Stone, founding partner of Starker Services, Inc., discusses how 1031 Exchanges help add value for your clients by deferring capital gains taxes and even avoiding needless taxes.
George Ratiu of NAR Research talks about the strengthening commercial market based the First Quarter 2014 Commercial Real Estate Market Survey.
WASHINGTON (May 15, 2014) — Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come.
National Association of Realtors® Chief Economist Lawrence Yun joined... Read More
David Wilk, Product Council Chair of Corporate Real Estate with Sperry Van Ness, speaks about the corporate real estate services market and using a "what can I do for you" approach to securing clients for life.
WASHINGTON (May 6, 2014) – Realtors® who practice commercial real estate reported an increase in sales transaction volume and medium gross annual income last year, according to the 2014 National Association of Realtors® Commercial Member Profile.
NAR commercial members who were surveyed conduct all or part of their activity in commercial sales, leasing, brokerage and development for land, office and industrial space, multifamily, and retail buildings, as well... Read More
NAR President Steve Brown explains how NAR is working hard to ensure that terrorism risk insurance is extended before it expires at the end of 2014. He also talks about changes to the SBA 504 program to make it easier for small businesses to refinance, and enable more capital to return to market.
Are you social? Are you mobile? Learn some key ways you can use ever-expanding technology tools to enhance your business and become more efficient. In this podcast, Todd Kuhlmann, CCIM, shares his insights and passion for using technology in commercial real estate.
Host Alex Ruggieri, CCIM, speaks to Lloyd Berry, CCIM, the Director of Operations for Colliers International management division.They discuss Berry's top three pieces of advice that have contributed to the success of his firm: creating a unique and compelling market value proposition, collaborating internally, and contributing to your local and international community.
NAR Senior Policy Representative Austin Perez and NAR Legislative Policy Representative Erin Stackley discuss the impact that the new flood insurance law will have on commercial properties.
To learn more about the bill, go to "Senate Passes Flood Insurance With House Amendment."
In this podcast, host Alex Ruggieri speaks to Maribeth Kuzmeski, president of Red Zone Marketing, internationally recognized speaker, and author of seven books, including “The Connectors: How the World's Most Successful Businesspeople Build Relationships and Win Clients for Life.” Maribeth shares her tips on how to best present yourself to a potential client, how to make your qualifications matter to your client, how to realize the difference between personal "features" and "benefits."
Mirroring broader trends, commercial transactions in REALTORS® markets registered a positive fourth quarter. On a year-over-year basis, sales increased 11 percent in the last quarter, as prices rose 4 percent. Cap rates continued compressing with a 50 basis point decline, from an average of 9.2 percent in the third quarter to 8.7 percent in the last. Multifamily properties recorded the lowest average cap rates, at 7.7 percent, followed by hotels, at 8.0 percent. Office and retail spaces posted cap rates of 8.6 percent and 8.5 percent, respectively.