Commercial Member Profile 2015
Highlights
The 2015 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.
BUSINESS CHARACTERISTICS OF NAR COMMERCIAL MEMBERS
- Fifty-nine percent of commercial members reported having a broker license and 24 percent reported having a sales agent license.
- Forty-five percent of respondents are members of any of several commercial affiliated institutes, councils or societies.
- There is a wide variety of commercial member specialty areas in commercial real estate. Additionally, many members practice a secondary specialty area.
- Commercial members typically have been in real estate 25 years, in commercial real estate 20 years, and members of NAR for 20 years.
BUSINESS ACTIVITIES OF NAR COMMERCIAL MEMBERS
- Commercial members completed a median of eleven transactions in 2014.
- The median sales transaction volume of 2014 for members who had a transaction was $2,916,7000 – an increase from $2,554,700 in 2013.
- The median gross annual income of commercial members was $126,900 in 2014, an increase from $96,200 in 2013. The median gross annual income of commercial members has increased steadily for the past five years.
- Eighty-two percent of commercial members work at least 40 hours per week.
- Sixty-seven percent of commercial members of NAR dervied 50 percent or more of their income from all commercial real estate in 2014.
- Fifty-two percent of members work for a local commercial real estate firm.
DEMOGRAPHIC CHARACTERISTICS OF NAR COMMERCIAL MEMBERS
- The median age of commercial members is 60-years-old.
- Seventy-five percent of the practioners are male.
- Seventy percent of commercial members have a bachelors’ degree or highter.
- Seventy-eight percent of commercial members are married.
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By: National Association of REALTORS®
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