WASHINGTON (November 24, 2015) — Sustained job growth throughout the country and improving credit conditions are forecast to help keep commercial real estate activity expanding into next year, but property prices are likely to slightly cool off after reaching their peak in some major markets, according to the National Association of Realtors® quarterly commercial real estate forecast.
National office vacancy rates are forecast by Realtors® to decrease 0.8 percent to 14.8 percent over... Read More
These slides were presented by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues & Trends Forum at the REALTORS® Conference & Expo in San Diego, CA, on November 13, 2015.
WASHINGTON (November 13, 2015) — While commercial real estate has been steadily recovering in recent years, industry experts expressed concern that prices may have reached a peak during the Commercial Economic Issues and Trends Forum at the 2015 REALTORS® Conference & Expo.
Lawrence Yun, NAR chief economist, said the fundamentals of the commercial real estate market have been gradually improving and this has led to prices rising to new peaks.
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The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.2015.Q3 Survey Highlights
- Sixty-three percent of commercial REALTORS® closed a sale.
- Sales volume rose 7.2 percent from a year ago.
- Sales prices increased 3.8 percent year-over-year.
- ... Read More
This infographic contains information from NAR's survey of REALTORS®' use of Small Business Administration loans, education, and training.More Information
Mark Alexander, CCIM, specializes in helping medical practices do sale/leaseback transactions on their office buildings. He joined this segment of the Commercial Podcast to talk about this potentially lucrative corner of the market, his experience working with clients across the country, and his time as past Commissioner of the Fort Myers Housing Authority.
NAR President Testifies Before House Judiciary Subcommittee in Support of Responsible Commercial Drone Use
NAR President Chris Polychron testifying before the U.S. House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet
WASHINGTON (September 10, 2015) – Today, National Association of Realtors® President Chris Polychron testified before the U.S. House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet at a hearing entitled “Unmanned Aerial Vehicles: Commercial Applications and Public Policy Implications.” NAR testified on the growing interest in the use of drones, their commercial application in the real... Read More
Published in The Hill
The Federal Aviation Administration recently crossed a major milestone.
Over 1,300 Section 333 waivers have now been issued for the commercial use of small, unmanned aerial systems – also known as UASs or drones – that weigh less than 55 pounds. That’s big news in the real estate industry, as a significant percentage of those waivers have gone to users in the business of real estate.
Although wide-scale commercial use for drones is currently prohibited, the FAA’s work to streamline the... Read More
Learn how big data is expected to affect infrastructure and the real estate industry. Chad Curry, managing director for NAR's Center for REALTOR® Technology, gives a high level overview of the "internet of things" as it relates to real estate and the potential impact to business.
This infographic looks at commercial sales data from the first half of 2015, including both large and small commercial markets.
Now accepting nominations for 2015 ACE Awards. Nominations close October 5, 2015.
The commercial lending space is undergoing a sea change due to changes in technology and regulation with peer-to-peer lending and crowdfunding companies leading the way. Tune in to learn about the evolving commercial lending landscape with David Manshoory, CEO and Co-Founder of AssetAvenue, part of the 2015 class of REach® accelerator companies.
With improving economic fundamentals, demand for commercial space continued improving across all property types, according to The National Association of REALTORS® Commercial Real Estate Outlook: 2015.Q3 report.
The information in this infographic is from NAR's third quarter commercial forecast report.
Vacancy rates mirrored regional and product variations, as most properties posted availability declines. Apartments experienced availability increases due to rising supply. Industrial availability posted the largest year-over-year decline, followed by retail and office vacancies
Leasing volume during the second quarter rose 4.7 percent over the previous quarter, and leasing rates rose 2.7 percent in the second quarter, compared with the 2.8 percent advance in the previous quarter, according to the Commercial Real Estate Market Trends report.
Based on the latest NAR report on REALTORS® CRE markets, capitalization rates declined to an average of 7.5 percent across all property types, an 85 basis point decline on a yearly basis. Apartments posted the lowest cap rate, while retail transactions reported the highest comparative cap rates.
Real Estate Forum magazine's 2015 list features 350 nominees based on their achievements in, contributions to, and reputation in the business of commercial real estate. Jean Maday, Director of Commercial Real Estate, is listed on page 52.