The new Business Creation Index (BCI) was created to monitor local economic conditions from the perspective of NAR’s commercial members. The quarterly report offers insight from commercial real estate professionals into whether businesses are opening or closing by industry, population density, and subregion. On a monthly basis, it tracks three key questions related to local market conditions:
1. An increase of businesses opening in local communities in the last 30 days.
2. An increase of businesses closing in local communities in the last 30 days.
3. Net businesses opening and closing in local communities in the last 30 days.
By: National Association of REALTORS®
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