Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, NAR says in its quarterly commercial real estate forecast.
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Commercial Transactions, Income Up in 2011
NAR’s commercial members saw an increase in transactions and median gross annual income last year, NAR’s 2011 Commercial Member Profile shows. Among the findings:
Median sales transaction volume was $2,010,500 among members who reported at least one closed transaction last year. The median dollar value of sales transactions was $414,300 and the median square footage was 9,600. More.
Ground Leases: An Overview From CCIM
From the raw land, development and investment side of things: CCIM Institute’s newest podcast is a discussion with Philip “Fred” Himovitz, CCIM, all about the ins and outs of the ground lease. Read the overview of the podcast in The Source Blog and related resources including NAR’s Field Guide to Ground Leases. More…
ADVOCACY
NAR Is Your Voice For Commercial Real Estate Issues
Recently, NAR signed two coalition letters, urging Senate Majority Leader Reid and Republican Leader McConnell to expand the Senate jobs legislation to include provisions aimed to enhance the flow of credit to the small business and commercial real estate sectors. Stay updated on how this and other advocacy efforts impact your business by reading NAR’s Commercial Real Estate Advocacy Timeline. More…
