Introduction
The new Business Creation Index (BCI) was created to monitor local economic conditions from the perspective of NAR’s commercial members. The Business Creation Index (BCI) 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
On the 2016 Profile of Commercial Members, NAR’s membership was asked the above questions over the last year from July 2015 to June 2016. The results gave way to creating the survey to gather monthly data and report changes on a quarterly basis.
Additional topics will be examined in depth on http://EconomwastsOutlook.Blogs.realtor.org/.
The next Business Creation Index (BCI) survey releases for 2016 and 2017 will be:
- December, 2016
- March, 2017
- June, 2017
- September, 2017
- December, 2017
Click here to view PDF of entire Index.
By: National Association of REALTORS®
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