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Second Century Ventures Launches REach Commercial Accelerator
WASHINGTON (February 19, 2019) — Second Century Ventures, the National Association of Realtors®' strategic investment arm, has launched REach® Commercial, its first commercial real estate technology accelerator. Applications for the 2019 REach® Commercial class will be accepted through March 31, 2019, at narreach.com/apply. "Expanding the REach® accelerator program will further NAR’s vision outlined last summer at the iOi conference in San Francisco, creating a dynamic, competitive real estate market that will help NAR advance our members-first mission for years to come," said Bob Goldberg, CEO of the National Association of Realtors®, and President of Second Century Ventures. "REach® Commercial will continue to leverage an exceptional network of real estate industry professionals, strategic partners, investors, and mentors to increase the depth of the commercial real estate field." With the foundation of the REach® Accelerator curriculum, which has graduated 48 companies that have collectively raised over $350M in financing during or after program acceptance, and the recent acquisition of select Elmspring accelerator assets, REach® Commercial will offer its 2019 class unparalleled access to the commercial real estate industry. Co-founded by Elmdale Partners' Adam Freeman and Tom Bretz, the Elmspring accelerator was uniquely incepted to drive innovative concepts in housing, smart home automation, multifamily, hospitality, space arbitrage, smart office planning, construction and more. "Venture capital is flowing into real estate technology at an exponential rate, driving innovation in every corner of the industry," said Mark Birschbach, NAR's Senior Vice President of Strategic Business, Innovation & Technology. "REach® Commercial enables us to invest in the entrepreneurs and companies that are revolutionizing the commercial real estate landscape while positioning Realtors® to be the first to embrace these changing technologies." REach® Commercial will offer its 2019 class a robust curriculum including: Mentorship from a roster of commercial and housing industry professionals, investors and strategic partners; Access to NAR's Insight Panel, a group of more than 50,000 real estate professionals who provide feedback on user experience, product viability and pricing; Education on how to navigate the multi-trillion dollar commercial real estate marketplace with the backing of the nation’s largest trade association and a $5 billion brand; Networking opportunities at local, national and international industry events; and Significant Exposure through NAR’s marketing and communication channels. Applications for the 2019 REach® Commercial class will be accepted through March 31, 2019, at www.narreach.com/apply. Selected companies will be announced at the REALTORS® Legislative Meetings & Trade Expo, May 13-18, 2019, in Washington, D.C. REach® is a unique real estate technology accelerator created by Second Century Ventures, a strategic technology investment fund backed by NAR to leverage the association’s more than 1.3 million members and its unparalleled network of executives within real estate and adjacent industries. The REach® Accelerator is a nine month program designed to help technology firms launch into the real estate vertical and its adjacent markets by providing education, mentorship and market exposure to one of the world’s largest industries. For more on REach®, visit www.narreach.com. The National Association of Realtors® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.
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Piecing Together a Commercial Market
When it comes to commercial real estate, REALTORS® need access to accurate and reliable data. Pulling together bits of market data here and there can be frustrating as well as time-consuming. Commercial agents need it all in one place, at the touch of a button. RPR gives REALTORS® access to the nation's largest property database. As a commercial practitioner, all this data, and RPR's tools and reports, offer a distinct edge when it comes to serving real estate business and investment clients. The ability to reference reliable data that backs up their advice is critical to getting a deal done. At RPR, we only work with the top data providers in the commercial space and are constantly researching new ones to ensure REALTORS® have the best data at their fingertips. In 2018 we partnered with SMR Research to provide tenant records, and a big focus for 2019 will be to expand our listing partners to some of the top national listing platforms. Below you can see a list of all our major partners. This will hopefully give you a better understanding of how each partner plays an integral part in helping REALTORS® "piece" together their knowledge of the markets they work in. All of this data outside of the MLS/CIE listing data is available nationwide. This truly makes RPR Commercial one of the top research systems in the country! Public Record Property Data – Black Knight – 43,000,000 commercial properties Listing Property Data – MLS, CIE and National Platforms – 700,000 total listings with 652,000 for sale and 118,000 for lease Trade Area Data – ESRI – 1 Billion data points highlighting key economic, demographic and spending indicators along with ESRI's Tapestry Segmentations. Employment Data – 3DL – Updated monthly down to the county level Business Points – ESRI –12,487,119 Traffic Counts – Kalibrate – Over 2,000,000 plus traffic points Tenant Records – SMR Research – 8,531,568 FEMA Flood Maps – 3DL – Nationwide coverage Get started with RPR commercial today. And please help us spread the word about the data available in RPR for REALTORS® working with commercial clients by sharing this flyer. Get started with this RPR Commercial quick start flyer. To view the original post, visit the RPR blog.
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RPR Enhances Drive Time and Distance for Custom Trade Areas
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Realtors See Increase in Commercial Income and Sales Volume for Second Straight Year
WASHINGTON (November 15, 2018) — Commercial real estate markets are on the rise, with Realtors® specializing in commercial real estate reporting both an increase in members' gross income and sales volume, according to the National Association of Realtors® 2018 Commercial Member Profile. Corresponding to tightened inventory conditions, sales transactions for NAR's commercial members have slowly decreased in the last two years, down from eight in 2016 to seven in 2017. The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and industrial space, multifamily and retail buildings, as well as property management. "The commercial real estate industry is strong and is on pace with the growing economy. Although there is a slight decrease in transactions, commercial professionals have reported improvements in their markets and business activity for consecutive years. Realtors® reported that sales volume and costs of sales increased this year, as well as median gross annual income," said NAR President John Smaby, a second-generation Realtor® from Edina, Minnesota and broker at Edina Realty. The median gross annual income for commercial members hit an all-time high of $150,700 in 2017, up from $120,900 in 2016. The median sales transaction volume in 2017, among members who had a transaction, was $3,870,500, an increase from the median sales volume of $3,500,000 in 2016. The median dollar value of sales has also steadily risen since 2013 to its peak of $602,500 for all commercial members in 2017, up from $543,500 in 2016. The median gross leasing volume was $705,500 in 2017 for members who had a transaction, an increase from $538,500 in 2016. Brokers and brokers' associates reported the highest annual gross income of $186,900 and $139,700, respectively, while sales agents reported $104,600, an increase from $81,300. Commercial members with less than two years of experience reported a median annual income of $44,000 in 2017, up from $31,500 in 2016; and those with more than 26 years of experience reported a median annual income of $192,600 in 2017, up from $162,200 in 2016. "Commercial real estate professionals are reporting great growth in the past year, which has convinced more and more members to enter the commercial industry. The economy is expanding along with tight labor market have boosted income for Realtors® in the commercial space," said NAR Chief Economist Lawrence Yun. Fifty-one percent of NAR's commercial members worked in sales as their primary service area, followed by 16 percent in leasing and 12 percent in investment. Twenty-nine percent of NAR's commercial members worked with commercial buildings, with 13 percent on multifamily structures, retail, and office space. Forty-nine percent of NAR's commercial members were brokers, 29 percent licensed sales agents, 17 percent broker associates, and five percent were appraisers. The median age of commercial members remained the same as last year, 60, while the median age for NAR's commercial members with two years of experience or less was 46. Thirty percent were female, up from 27 percent in 2017 and 70 percent were male, down from 73 percent in 2017. Seventy-eight percent of commercial members worked at least 40 hours a week. In August 2018, NAR invited a random sample of Realtors® with an interest in commercial real estate to fill complete an on-line survey. A total of 2,324 responses were received for an overall response rate of 3.8 percent. The confidence interval at a 95 percent level of confidence is +/-2.0 percent based on the share of commercial members. All information in this report is representative of member characteristics in 2018, while sales, lease transaction values, and income are characteristic of the 2017 calendar year. The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.
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Foreign Investment in U.S. Commercial Real Estate Remains Strong, China and Mexico Top Investors
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Realtors Say Commercial Market on the Upswing, Construction Activity Sluggish
WASHINGTON (May 18, 2018) - A strengthening economy and job growth nearing historic levels have given Realtors® confidence in future commercial real estate market conditions, according to speakers at a commercial real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo. Lawrence Yun, chief economist of the National Association of Realtors®, led a panel discussion about the economic forces shaping commercial real estate markets and expressed that a favorable environment will lead to a rise in demand for commercial spaces in 2018 and 2019. "Even after 90 straight months of job gains, the economy looks likely to expand over the next two years with job openings at the highest level in nearly 10 years. The gross domestic product should experience a 2.7 percent growth, therefore the demand for commercial spaces is expected to rise this year and next year," Yun said. One area of concern for Realtors® is the lack of construction, which is hindering inventory. Yun pointed out that with subdued construction activity in commercial real estate in recent years, vacancy rates will continue to fall and rents will rise. "Concerns are growing around commercial property prices, which have dramatically shot up by 85 percent in the past seven years. With interest rates recently rising, commercial prices could decline and commercial investment sales may see an additional dip, though at a modest pace," he said. Most commercial sectors are on the upswing, according to Yun. Office demand is strong because of rising employment and moderate office supply, which will lead to modest vacancy rates, mainly due to the expansion of telecommuting. Increased trade and rising e-commerce has the industrial sector on a hot streak, with a growth of 20 percent, while retail sales are growing at 5 percent and completions remain low, with rents experiencing solid growth. Two panelists joined Yun to discuss trends in multi-family demand and the impact the global economy could have on commercial real estate over the next year. Richard Barkham, global chief economist at CBRE, gave his perspective on global economic trends and his outlook for commercial real estate. "Commercial real estate is buoyant these days, and first quarter leasing is through the roof. Interest rates may turn up, but slowly over the next few years, and inflation remains weak, as wage growth has failed to gain traction. Relatively, supply is in line with demand and cap rates have hit a bottom and remain extremely firm," Barkham said. Danielle Hale, chief economist at realtor.com® also shared highlights from her outlook for multi-family households. "Apartment demand remains robust and the sector is seeing growth, especially in mixed-use urban development, as many consumers prefer a neighborhood close to work and entertainment," said Hale. "Millennials are shifting into the largest generation of homeowners and will be a huge boom to the multi-family market in recent years. Multi-family building has seen the largest four-year stretch in supply since the 1980s and vacancy rates are trending at the lowest in years." For more commercial real estate research, visit: https://www.nar.realtor/research-and-statistics/research-reports/commercial-research. The National Association of Realtors® is America's largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.
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Outlook Remains Bright for Commercial Real Estate Despite Price Plateau
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Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume
WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member's gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile. The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and industrial space, multifamily and retail buildings, as well as property management. "There has been an uptick in Realtor® members who choose to specialize in commercial real estate at the same time as commercial professionals report improvements in the market and their business activity," said 2017 NAR President William E. Brown, a Realtor® from Alamo, California. "A stronger commercial market is a good indicator of a growing economy, so the outlook is positive for commercial members in the year ahead." The median gross annual income for commercial members in 2016 was $120,800, an increase from $108,800 in 2015. Brokers and appraisers tend to report the highest median annual incomes, while sales agents report the lowest among licensees. Those with less than two years of experience reported a median annual income of $31,500 in 2016, down from $43,400 in 2015; members with more than 26 years of experience reported a median annual income of $162,200 in 2016, down from $165,400 in 2015. Commercial members completed a median of eight sales transactions in 2016, a decrease of one since 2015. A quarter of commercial members reported having one to four transactions, and 27 percent reported having more than 20 transactions. While the number of transactions decreased slightly in 2016, the sales volume increased again this year. The median sales transaction volume in 2016 among members who had a transaction was $3,500,000, an increase from $2,931,000 in 2015. Only 7 percent of commercial members reported not having a transaction at all, which decreased from 8 percent in 2015. The median years of experience in real estate increased to 24 years in 2017, up from 20 years in 2016, as did the median years of experience of members in commercial real estate – up from 15 years in 2016 to 19 years in 2017. Forty-seven percent of NAR's commercial members are brokers, and 30 percent are licensed sales agents, consistent with last year. Seventeen percent of commercial members have a broker-associate license while appraisal license holders account for 5 percent, also consistent with last year. The median age of commercial members remained the same as last year, at 60 years old. Almost three out of four commercial members are male, identical to last year's results. Men reported being active in any real estate capacity for a median of 25 years and in commercial real estate for a median of 20 years, the same as last year. Women have been active in real estate for a median of 19 years (up from 14 years last year) and in commercial real estate for a median of 15 years (up from 11 years last year). Commercial members who manage properties typically managed 82,000 total square feet, representing 15 total spaces, up from 50,000 square feet and 17 spaces in 2015. Those who manage offices typically managed 25,000 total office square feet, representing seven total offices, up from 20,000 office square feet and five offices last year. Thirty-three percent of commercial members were involved in international transactions in 2016, down 2 percent from 2015. Eighteen percent of commercial members reported an increase in international transactions, while only 1 percent had a decrease. Sixty-five percent (up from 60 percent in 2016) of respondents are members of any of several commercial affiliated institutes, councils, or societies. These commercial organizations include the CCIM Institute, the Institute of Real Estate Management, the Counselors of Real Estate, the Realtors® Land Institute and the Society of Industrial and Office Realtors®. In June 2017, NAR invited a random sample of 64,147 Realtors® with an interest in commercial real estate to fill out an on-line survey. A total of 1,926 responses were received for an overall response rate of 3.0 percent. All information in this report is representative of member characteristics in 2017 while sales and lease transaction values and income are characteristic of calendar year 2016. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
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Commercial Real Estate Platform Truss and Immersive Media Technology Company Matterport Partner to Improve the Office Search Process
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Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise
WASHINGTON (June 6, 2017) — One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an international client in 2016, and as foreign investors flock to smaller-sized commercial properties in secondary and tertiary markets, many Realtors® are confident that increased sales and leasing activity will occur in 2017. This is according to the 2017 Commercial Real Estate International Business Trends survey released today by the National Association of Realtors®, which analyzed cross-border commercial real estate transactions made by Realtors® during 2016. Most Realtors® who specialize in commercial real estate reside in smaller commercial markets where the typical deal is less than $2.5 million. Similar to NAR survey findings on foreign purchases of residential real estate in recent years, China was the top country of origin in both buying and selling commercial real estate in 2016, and Florida was the top destination of choice for international clients. NAR's 2017 Profile of International Activity in U.S. Residential Real Estate is scheduled for release this summer. Lawrence Yun, NAR chief economist, says the appetite for U.S. commercial real estate property was strong from foreigners last year and shows little signs of slowing in 2017. "Multiple years of steady job growth and the strengthening U.S. economy – albeit at a modest pace – makes commercial property a safe bet for global investors looking to diversify their portfolios and generate returns outside their country of origin," he said. "While Class A asset prices in many large markets have surpassed pre-crisis levels, Realtors® in many middle-tier and smaller markets stand to benefit from the increased interest from foreign and domestic commercial property investors." Added Yun, "Forty percent of Realtors® expect an increase in foreign buying clients this year. The healthy labor markets and lower property prices in smaller markets are poised to make up a larger share of activity." Of the 69 percent of Realtors® who indicated they completed a commercial real estate transaction last year, 20 percent reported closing a deal for an international client. Realtors® completed a median of one buyer-side international deal and two seller-side international transactions. The typical buyer-side sales price was $1,000,000, and the median seller-side price was $550,000. Additionally, 22 percent of Realtors® said they completed a lease agreement on behalf of a foreign client. The median gross lease value for international lease transactions was $105,000, with most space typically under 2,500-square-feet. Nearly two-thirds of commercial foreign buyer and seller clients were non-resident foreigners. The top countries of origin for buyers were China (17 percent), Mexico (14 percent) and the United Kingdom and Venezuela (both at 7 percent), while sellers were typically from China (17 percent) or Brazil, Canada, France and Mexico (all at 10 percent). Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, with California being the third most popular buyer destination and Michigan ranking as the third top state where foreigners sold real estate. The survey also found that foreign buyers of commercial property typically bring more cash to the table than those purchasing residential real estate. Sixty percent of international transactions were closed with cash, while NAR's 2016 residential survey found that exactly half of buyers paid in cash. For those not using all cash, 34 percent of commercial deals involved debt financing from U.S. sources. An overwhelming majority of buyers either purchased commercial space for investment purposes or acquired it for business use. "Nearly half of Realtors® reported that they experienced a greater number of international clients looking to buy commercial space over the past five years," said Yun. "Economic expansion has slowly chugged along since the downturn, but in comparison to the rest of the world, the U.S. remains one of the most attractive and safest bets for investors. There's little evidence this will change anytime soon." NAR's second quarter Commercial Real Estate Outlook, released last month, offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. The NAR commercial community includes commercial members, real estate boards, committees, subcommittees and forums; and NAR commercial affiliate organizations – CCIM Institute, Institute of Real Estate Management, Realtors® Land Institute, Society of Industrial and Office Realtors®, and Counselors of Real Estate. Approximately 70,000 NAR members specialize in commercial real estate brokerage and related services including property management, counseling and appraisal. In addition, more than 200,000 members are involved in commercial transactions as a secondary business. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.
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Realtors® Have a Positive Outlook for Commercial Markets in 2017
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RPR Introduces Conversations with Commercial Real Estate Pros
  Showing and telling Commercial practitioners how to leverage our data and reports to their utmost advantage is a big part of what we do here at RPR. Yet, no story is stronger or more compelling than the one told by your colleagues. In this eBook, three top Commercial real estate pros share how they use RPR to: Identify site selection using data sets such as public records, traffic counts, business points of interest, demographic and psychographic insights, and consumer spending data Create branded, decision-prompting reports that accurately depict current market activity as well as future projections Here's a recap of what you'll find in Conversations With Commercial Real Estate Pros: Commercial Real Estate Pro's Five "Must Have" RPR Tools - One might think that 27 years in the industry would make anyone an expert on virtually anything real estate related. Yet, for this Tampa-based REALTOR®, the learning never stops, especially in commercial real estate. Find out what five RPR features he can't live without. National Trends Reveal Underserved Market for Local REALTOR® - By mixing his healthcare expertise and local assisted living market knowledge, this REALTOR® has identified an underserved market for his clients and uses RPR Commercial to identify where that market lives. Opening Doors to Real Estate Investing - Learn how this Commercial practitioner went from watching developers to building an investment team and client base driven not only by profit, but also positive community impact. Download your copy of Conversations With Commercial Real Estate Pros! To view the original post, visit the RPR blog.
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Catylist Selected as New Commercial Listings Service Provider for the REALTORS® Association of Lincoln and the Omaha Area Board of REALTORS®
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Commercial Real Estate Platform Powerhouses Announce Integration
  Chicago, IL, March 13, 2017 – Realtors Property Resource® (RPR®), a nationwide parcel-centric real estate data and reporting platform, has announced a key integration with Xceligent's CommercialSearch™ product, a national marketplace promoting commercial properties available for sale or lease. As of March 16, 2017, REALTORS® with CommercialSearch who hold RPR accounts can easily jump from a listing within CommercialSearch into RPR's extensive commercial property and trade area data, investment analysis tools, business intel, and comprehensive reports. "RPR's mission is to serve the needs of our 1.2 million REALTORS®," said Emily Line, RPR vice president of commercial services. "Through partnerships like the RPR / CommercialSearch integration, we are able to expand our service offerings and to ultimately save our members time and money previously spent on multiple applications and subscriptions." The integration offers REALTORS® on CommercialSearch one-click access to RPR data found on both the website and RPR Mobile™. Subscribers will find property and owner facts, mortgage and tax info, transaction history, maps and photos. Visual heat maps can be drawn down to the census block group level with 25+ variables including traffic counts and more than 20 million business points of interest. And RPR Commercial reports––which can be sent by way of email or text–– reveal data on consumer segmentation, population, age, marital status, economic conditions, and education comparisons, among other datasets. David O'Rell, managing director of CommercialSearch, believes the partnership furthers Xceligent's commitment to providing an open technology platform that combines researched content with leading workflow tools. "We are excited to partner with Realtors Property Resource®," said David. "We will now be able to provide RPR account holders an exclusive opportunity to analyze local dynamics surrounding properties actively listed for lease or sale in the CommercialSearch national marketplace." About RPR® Commercial Realtors Property Resource® (RPR®) is a wholly owned subsidiary of the NATIONAL ASSOCIATION OF REALTORS®. RPR Commercial provides REALTORS® with persuasive, decision-making data and reports for all types of clients. From identifying site selection using data sets such as public records, traffic counts, business points of interest, demographic and psychographic insights, and consumer spending data, to presenting reports that accurately depict current market activity as well as future projections, this valuable members-only benefit truly helps to validate a practitioner's expertise. About Xceligent™ Xceligent™ is a leading provider of verified commercial real estate information across the United States. Xceligent's professional research team pro-actively collects: a comprehensive inventory of commercial properties, buildings available for lease and sale, tenant information, sales comparables, historical trends on lease rates and building occupancy, market analytics, and demographics. This information assists real estate professionals, appraisers, owners, investors, and developers that make strategic decisions to lease, sell, and develop commercial properties. Xceligent™, backed by dmg information, has launched an aggressive national expansion that will provide researched information in the 100 largest United States markets. Visit Xceligent.
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Stable Growth Expected for Commercial Real Estate in 2017
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Traffic count data arrives in RPR Commercial and mobile
  Now, RPR offers the industry's most current traffic measurement product to its website and app users with 24-hour average daily traffic counts for highways and roads throughout the United States. Available in both the commercial and residential modes of your RPR app, the tool displays estimated current and historical data based on average daily and average weekday traffic counts. Simply go to any RPR map on your phone or tablet and click the Traffic Counts icon. Then, select a street-level pin to reveal the data. For Commercial practitioners who prefer to access traffic counts through the RPR website, first, search for a property, then choose Bigger Map and click on the Traffic Counts icon from the options provided. The display of various traffic volume levels may be adjusted, for instance if you want to see data only for locations above or below a threshold. To view the original post, visit the RPR blog.
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Hanna Commercial Launches New Auction App
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Commercial Real Estate Expansion Foreseen
  WASHINGTON (August 29, 2016) — Buoyed by a steadily improving labor market and strong demand for multifamily housing, commercial real estate activity should remain on an upward trajectory, with a growing share of it is expected to be in smaller markets, according to the National Association of Realtors® quarterly commercial real estate forecast. National office vacancy rates are forecast by Realtors® to fall 1.5 percent to 10.4 percent over the coming year as employment gains boost demand for office space. The vacancy rate for industrial space is expected to decline 0.7 percent to 8.7 percent, and retail availability to decrease 1.0 percent to 10.5 percent. Only vacancies in the multifamily sector are expected to edge higher over the next year, from 5.9 percent to 6.1 percent, as new apartment construction comes onto the market. Lawrence Yun, NAR chief economist, says the commercial real estate sector is on firm ground in spite of the numerous global and domestic headwinds that continue to keep U.S. economic growth in a headlock. "Ongoing overseas weakness and the slowdown in business investment despite historically low interest rates held second quarter growth at a tepid and disappointing pace," he said. "Only steady job creation, solid consumer spending and residential construction – albeit not enough of it – kept the economy afloat during the first half of the year." Adds Yun, "Tightening vacancy rates and rising rents are clear positive fundamentals, but commercial real estate property prices have been bid up too high and look to weaken in the upcoming months." Strengthening local job markets has fueled sustained demand for commercial space and has pushed vacancy rates down in all commercial sectors. However, a growing concern from Realtors®, who mostly have clients that rely on financing to secure deals, is that underwriting standards have stiffened in light of increased regulatory scrutiny. "Any further tightening in credit standards, which never fully normalized after the recession, would inflict the most pressure on the small and mid-sized businesses that mostly look to community banks and credit unions for commercial property financing," adds Yun. "Not having the necessary access to capital could keep a lid on building and leasing activity and in turn keep the economy from getting closer to its long-term average of 3 percent growth." With new construction outside of the multifamily sector taking a breather during the first half of the year, overall demand outpaced supply and suppressed inventory levels in many areas. This was evident in the latest Realtors® Commercial Real Estate Market Survey, which measures quarterly activity from NAR's commercial members. The survey revealed that inventory shortages are the number one concern for Realtors®, which is in turn pushing price growth upward. Prices for commercial properties increased 5.3 percent in the second quarter compared to a year ago, with the average transaction cost at $1.4 million. "While inventory constraints and strong appreciation in apartment and retail properties pushed up prices in large commercial markets last quarter, overall sales volume was still down as investors looked for better deals and higher yields in smaller cities," says Yun. "As a result, investments and leasing activity in middle-tier and smaller markets led the way and are expected to maintain their momentum in coming months." Given the global low yield environment, instability overseas and the probability of a rate hike by Federal Reserve at the end of the year, investors are expected to take a cautious approach in the months ahead, leading to a likely slowdown in commercial property prices – especially in Class A assets in larger markets. Meanwhile, prices in smaller markets should continue to climb with strong tenant demand and declining supply supporting growth. According to Yun, the demand for apartments will continue to drive multifamily housing construction, albeit at a more moderate pace, as a growing share of builders shift from apartments to single-family homes. Expected completions being added in coming years should begin to moderate rents and nudge vacancies higher. "The U.S. economy has its flaws and has been stuck in slow-growth mode ever since the Great Recession," says Yun. "However, it's still the top performing economy in the world, and U.S. commercial real estate should continue to remain a stable investment and attractive option for investors even as rates move upward." NAR's latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. The NAR commercial community includes commercial members, real estate boards, committees, subcommittees and forums; and NAR commercial affiliate organizations – CCIM Institute, Institute of Real Estate Management, Realtors® Land Institute, Society of Industrial and Office Realtors®, and Counselors of Real Estate. Approximately 70,000 NAR members specialize in commercial real estate brokerage and related services including property management, counseling and appraisal. In addition, more than 200,000 members are involved in commercial transactions as a secondary business. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
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NAR Reports Significant Increase in Commercial Membership
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Coldwell Banker Commercial Affiliates Announces New Website Enhancements
Madison, N.J. 06-27-2016 — Coldwell Banker Commercial Affiliates today launched a new corporate website with an enhanced search feature and a responsive, modern design that allows users to seamlessly and intuitively search for properties on any Internet-enabled device (phone, tablet or desktop). The most significant update is the increased search functionality, which greatly improves the user experience when viewing properties on the website. Property search results are now displayed alongside a map of the searched area, showcasing available listings with icons designating each property type (industrial, apartment, retail, land, etc.). The updated website also provides high-level market intelligence by property sector for over eighty markets, expanding the amount of immediately accessible information available to prospective clients. The new website also adds a "quick view" function that allows faster searches by showing summarized details of a property, professional or location without needing to leave the search page. The new website also saves "recently viewed" properties and highlights listings similar to the property currently being viewed in order to further simplify the property search experience. With mobile searches for commercial properties increasing, the site adapts to the device on which it is being viewed. A mobile version of the site will be displayed for users visiting from a phone or tablet, and visitors coming from a laptop or desktop computer will automatically be given a version of the site tailored to their device. "Our website is an important tool and streamlining searches will ultimately allow for a better user experience for the buyer, seller and agent," said Fred Schmidt, president and chief operating officer of Coldwell Banker Commercial Affiliates. "These digital upgrades greatly enhance the search function, which in many cases is a buyer's first step when considering a commercial purchase." The website launch is a continuation of the organization's repositioning, which kicked off with the announcement of a new advertising campaign and brand essence. For more information and to view the updated website, please visit www.cbcworldwide.com. About Coldwell Banker Commercial Affiliates Coldwell Banker Commercial Affiliates is a division of Coldwell Banker Real Estate LLC. The Coldwell Banker Commercial brand has been a premier provider of franchised commercial real estate brokerage offices, recognized globally as a company that puts the client first while delivering individual, distinctly different service. Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial is an industry leader in providing commercial real estate solutions that serve the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Each office is independently owned and operated. Coldwell Banker Commercial® is a registered trademark licensed to Coldwell Banker Real Estate LLC. For more information, visit: www.cbcworldwide.com.
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Lending Remains Largest Concern for Commercial Real Estate Market, Say Realtors®
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Hanna Commercial Completes Simultaneous Sale of 97 Commercial Assets
Cleveland, OH (April 18, 2016) – Working together, the Cleveland, Ohio and the Charlotte, North Carolina Offices of Hanna Commercial Real Estate Brokers have orchestrated the simultaneous sale and escrow closing of 97 Net-Leased U.S. Post Offices Properties for Chicago-based Seller, Nationwide Real Estate Inc. Gordon Greene, CCIM, head of the Charlotte, NC Hanna Real Estate Brokerage Office stated, "We expected this type of portfolio to appeal to investors needing to complete a 1031 Tax-Free Real Estate Exchange to defer capital gains taxes and maximize returns. Often well-leased real estate in the value range of $5 Million to $10 Million is difficult for private real estate investors to locate. Also, the investment risk of a single net-leased property in one location can be significant when the property holding period could be ten to twenty years or more. In the case of the Post Office Properties, the successful purchaser could anticipate spreading their investment risk over locations in 27 states and 97 real estate sites." Mike Berland, Principal with the Cleveland, OH Office of Hanna Commercial, indicated that the sellers had originally tried to sell the portfolio themselves positioning the properties at a pricing level approaching $8.2 Million. However, they found limited interest trying to market the assets as a 'For Sale by Owner'. Berland said, "We received the assignment and positioned the entire portfolio as a geographically diverse investment and exchange opportunity and marketed the properties widely through the Wall Street Journal, Investor's Business Daily, New York Real Estate Journal, and other publications to insure maximum exposure. We also located a Premier Title & Escrow Service that had the ability to operate in all 27 states from California to New York in which the assets were located. The Irvine, Texas Office of Kensington Vanguard National Land Services ("KV") was able to accommodate the need for title insurance and multi-state escrow closings.  Working with Jennifer Maxwell, Senior Escrow Officer of KV, all transactions were consummated in the manner needed to insure tax-free exchange investment status." Gordon Greene, noted, "Because of the multiple-state locations of Hanna Commercial and their affiliation with TCN Worldwide Commercial Brokerage, Hanna Commercial was able to insure the needed brokerage representation for the Seller.  Many brokers can state they have successfully sold properties in five or perhaps ten States in the U.S.  Not too many can state they have successfully sold properties in 27 States Simultaneously.  The Asset Allocation of the 97 Assets was:  AR – 4; AZ – 1; CA – 2; CO – 1; GA – 1; IA – 5; IL – 14; KS – 3; KY – 3; LA – 1; ME – 3; MI – 3; MN – 1; MO – 2; NC – 1; ND – 3; NE -3; NY – 1; OH – 2; OK – 5; OR – 1; PA- 2; SD – 4; TX – 19; VA – 2; WI – 3; WV – 7. By combining methods of traditionally brokered negotiated sales and the use of more accelerated sales techniques, Hanna Commercial Real Estate Brokers & their affiliate, Chartwell Real Estate Auctions, has successfully marketed and sold properties in over 40 states, four provinces of Canada, the Bahamas, and Europe.  Hanna Commercial is part of TCN Worldwide with Commercial Brokerage Offices in over 200 Markets throughout the U.S and Worldwide including London, New York, Washington DC, Cleveland, Chicago, Dallas, Los Angeles, Sydney, Seoul, & Beijing. To learn more please visit www.hannacre.com or www.facebook.com/hannacommercial Hanna Commercial Real Estate is a full-service real estate company with offices in Ohio, Pennsylvania and Michigan. For over 75 years, they have been a leader in the commercial property marketplace, successfully providing clients with creative and comprehensive real estate solutions. Hanna CRE specializes in real estate consulting; industrial; office; retail sales & leasing; corporate services; property & asset management; investment sales; land brokerage; tenant representation; build-to-suit representation; accelerated marketing (auctions); project management; and property valuation.
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Commercial Real Estate Experts: Moderate Expansion, Easing Prices Expected in 2016
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Help Shape the Future of RPR Commercial
  e posted about the importance of member feedback as it pertains to RPR Commercial just after the 2014 REALTOR® Conference and Expo. As a benefit with no additional cost to REALTORS®, RPR® Commercial builds based on your direction. It's time to voice your thoughts on three topics that continue to emerge from REALTORS®: Broker Load, Find a Partner, and Training. Take this survey, so that your market's opinions are reflected in the future look, feel, and function of RPR Commercial. Need a refresher on RPR Commercial? No problem, check out the on-demand RPR Commercial Fundamental videos. Want to log in and explore functions before responding? Sounds good! Log into RPR Commercial now. How can RPR help build my business? Determine where the right people are for a business. Using demographic, psychographic and spending data information, RPR helps you identify areas of high concentrations of the customers your client is looking for. Research sites for business expansion based on the selection of specific corporate cultural attributes. Find the best location for a business. Help business owners find the best location based on an analysis of spending data within a drive time, radius, or general area. Find the optimum site for a specific business type like restaurant, coffee or apparel shop, etc. Select the best retail business for a location. Determine what business would be appropriate for a given location by examining spending data and what business types are underserving the area. Receive results in a chart indicating which business types are over and underrepresented in a specific area. Which RPR tools can help me? Powerful Thematic Maps View demographic information overlaid in your defined area of interest, allowing you to see locations of interest with the highest concentration of the indicator. Select points of interest (POI) and examine sales volume and number of employees for businesses. Comprehensive Reporting Provide your client with the best reports in the business in just a few minutes! Whether your client is looking for a detailed Trade Area Report, Business Opportunities chart, or a Property Report, you can create professional RPR Commercial reports that are guaranteed to impress. Links RPR Commercia Survey RPR Commercial On-Demand Learning Visit RPR Commercial To view the original article, visit the RPR blog.
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Modest Growth Expected in Commercial Real Estate Markets
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Commercial Markets Poised for Growth Despite Weaker Global Economy
  WASHINGTON (February 19, 2015) – A stronger labor market and stable U.S. economy should keep commercial real estate demand on the rise, but the pace of growth will likely be hindered by overseas weakness, according to the National Association of Realtors® quarterly commercial real estate forecast. National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as improved hiring increases the demand for office space. The vacancy rate for industrial space is expected to decline 0.4 percent and retail space 0.3 percent as manufacturers boost production for goods and services and consumers slightly accelerate their spending. A swath of new apartment construction coming onto the market is forecast to lead to an uptick (0.1 percent) in the multifamily vacancy rate. Lawrence Yun, NAR chief economist, expects commercial real estate activity to hold steady heading into the spring. "The demand for leases and new construction projects is expected to slowly climb as businesses add to their payrolls and consumers reap the benefits of cheaper gas and any accompanying wage growth from a tighter labor market," he said. "Furthermore, multifamily housing continues to be the top-performing sector with current rental demand exceeding supply – leading to rent growth that is easily outpacing inflation in many metro areas throughout the country." Although economic conditions are improving at home, Yun says weaknesses in the global economy will likely impact exports. "Sluggishness overseas alongside a strengthening U.S. dollar will widen the trade deficit and slow economic growth potential," he said. "However, GDP is forecasted to come in around 3 percent in 2015 – the highest since the recession. Improvements in housing and commercial real estate market activity will measurably help economic growth." NAR's latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas is provided by REIS Inc., a source of commercial real estate performance information. In partnership with Deloitte and RERC Situs, NAR released an annual joint report earlier this month – Expectations & Market Realities in Real Estate 2015 – which forecasts for an expected increase in commercial real estate value and pricing in 2015. Office Markets Office vacancy rates are forecast to slightly decline from 15.8 percent in the first quarter to 15.7 percent in the first quarter of 2016. The markets with the lowest office vacancy rates in the first quarter are Washington, D.C., at 8.7 percent; New York City, 9.0 percent; Little Rock, Ark., and Seattle at 11.5 percent; and San Francisco, at 12.0 percent. Office rents are projected to increase 3.3 percent in 2015 and 3.6 percent next year. Net absorption of office space, which includes the leasing of new space coming on the market as well as space in existing properties, is likely to total 47.7 million square feet this year and 58.3 million in 2016. Industrial Markets Industrial vacancy rates are expected to fall from 8.7 percent in the first quarter to 8.3 percent in the first quarter of 2016. The areas with the lowest industrial vacancy rates currently are Orange County, Calif., with a vacancy rate of 3.4 percent; Los Angeles, 3.7 percent; Miami and Palm Beach, Fla., both at 5.4 percent; and Seattle, at 5.6 percent. Annual industrial rents should rise 3.0 percent this year and 3.1 percent in 2016. Net absorption of industrial space nationally is expected to total 102.2 million square feet in 2015 and 104.8 million square feet next year. Retail Markets Vacancy rates in the retail market are expected to decline from 9.7 percent currently to 9.5 percent in the first quarter of 2016. Currently, the markets with the lowest retail vacancy rates include San Francisco, at 3.0 percent; Fairfield County, Conn., and San Jose, Calif., at 4.5 percent; Long Island, N.Y., 4.9 percent; and Orange County, Calif., at 5.0 percent. Average retail rents are forecast to rise 2.5 percent in 2015 and 3.1 percent next year. Net absorption of retail space is likely to total 15.7 million square feet this year and jump to 20.6 million in 2016. Multifamily Markets The apartment rental market should see vacancy rates slightly increase from 4.1 percent currently to 4.3 percent in the first quarter of 2016. Vacancy rates below 5 percent are generally considered a landlord's market, with demand justifying higher rent. Areas with the lowest multifamily vacancy rates currently are Sacramento, Calif., 2.5 percent; Orange County, Calif., 2.6 percent; Hartford, Conn., and Oakland-East Bay at 2.7 percent; and Rochester, N.Y., at 2.8 percent. Average apartment rents are projected to rise 3.7 percent this year and 3.6 percent in 2016. Multifamily net absorption is expected to total 171,978 units in 2015 and 157,168 next year. The NAR commercial community includes commercial members; commercial real estate boards; commercial committees, subcommittees and forums; and the NAR commercial affiliate organizations – CCIM Institute, Institute of Real Estate Management, Realtors® Land Institute, Society of Industrial and Office Realtors®, and Counselors of Real Estate. Approximately 70,000 NAR and institute affiliate members specialize in commercial brokerage and related services, and an additional 283,000 members offer commercial real estate services as a secondary business. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
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RealMassive Collaborates With Google Cloud Platform to Bring Transparency to Commercial Real Estate
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Commercial Real Estate Demand is Holding Steady Despite Overseas Concerns
  WASHINGTON (November 24, 2014) – Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial real estate activity on firmer footing, according to the National Association of Realtors® quarterly commercial real estate forecast. Lawrence Yun, NAR chief economist, says commercial activity should progress at a gradual pace heading into 2015. "Solid economic growth in the third quarter proved that the second quarter wasn't an anomaly, as business spending increased, commercial construction rose and the labor market continued to make positive strides," he said. "Job growth is the catalyst to improved demand for commercial real estate leasing and new construction projects." However, Yun does caution that softening in the global economy will likely widen the trade deficit in the U.S. and could trigger some weakening in the overall economy. "GDP growth in the fourth quarter will be sluggish at around 2 percent behind stalling exports. Although GDP will likely climb to near 3 percent in 2015, the current pace of job growth could slow and ultimately impact commercial real estate activity if sluggishness in the global economy persists," he said. National office vacancy rates are forecast to decrease 0.5 percent over the coming year due to job growth exceeding inventory coming onto the market. Improved manufacturing activity should lead to a declining vacancy rate for industrial space (0.4 percent), while retail space is forecast to decline 0.2 percent behind a boost in consumer spending from personal income gains and lower gas prices. "Low housing inventory and the sizeable demand for rentals will continue to spur multifamily construction as well as keep rents rising above inflation through next year," says Yun. NAR's latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas is provided by REIS Inc., a source of commercial real estate performance information. Office Markets Office vacancy rates are forecast to slightly decline from 15.7 percent in the fourth quarter to 15.6 percent through the fourth quarter of 2015. The markets with the lowest office vacancy rates in the fourth quarter are Washington, D.C., at 9.3 percent; New York City, 9.6 percent; Little Rock, Ark., 11.6 percent; San Francisco, 12.2 percent; and Seattle, at 12.8 percent. Office rents are projected to increase 2.4 percent in 2014 and 3.3 percent next year. Net absorption of office space in the U.S., which includes the leasing of new space coming on the market as well as space in existing properties, is likely to total 35.6 million square feet this year and 48.8 million in 2015. Industrial Markets Industrial vacancy rates are expected to fall from 8.8 percent in the fourth quarter to 8.4 percent in the fourth quarter of 2015. The areas with the lowest industrial vacancy rates currently are Orange County, Calif., with a vacancy rate of 3.6 percent; Los Angeles, 3.7 percent; Seattle, 5.8 percent; Miami, 6.0; and Palm Beach, Fla., at 6.5 percent. Annual industrial rents should rise 2.4 percent this year and 2.9 percent in 2015. Net absorption of industrial space nationally is expected to total 110.7 million square feet in 2014 and 102.5 million square feet next year. Retail Markets Vacancy rates in the retail market are expected to decline from 9.7 percent currently to 9.5 percent in the fourth quarter of 2015. Currently, the markets with the lowest retail vacancy rates include San Francisco, at 3.5 percent; Fairfield County, Conn., 3.9 percent; San Jose, Calif., 4.6 percent; Orange County, Calif., 5.2 percent; and Long Island, N.Y., at 5.3 percent. Average retail rents are forecast to rise 2.0 percent in 2014 and 2.5 percent next year. Net absorption of retail space is likely to total 11.4 million square feet this year and jump to 18.9 million in 2015. Multifamily Markets The apartment rental market – multifamily housing – should see vacancy rates slightly increase from 4.0 percent currently to 4.3 percent in the fourth quarter of 2015. Vacancy rates below 5 percent are generally considered a landlord's market, with demand justifying higher rent. Areas with the lowest multifamily vacancy rates currently are Orange County, Calif., and Sacramento, Calif., at 2.2 percent; Providence, R.I., and New Haven, Conn., at 2.3 percent; and Hartford, Conn., at 2.5 percent. Average apartment rents are projected to rise 4.0 this year and 3.9 percent in 2015. Multifamily net absorption is expected to total 216,300 units in 2014 and 171,200 next year. The NAR commercial community includes commercial members; commercial real estate boards; commercial committees, subcommittees and forums; and the NAR commercial affiliate organizations – CCIM Institute, Institute of Real Estate Management, Realtors® Land Institute, Society of Industrial and Office Realtors®, and Counselors of Real Estate. Approximately 70,000 NAR and institute affiliate members specialize in commercial brokerage and related services, and an additional 283,000 members offer commercial real estate services as a secondary business. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
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RealMassive Announces Real-Time Commercial Real Estate Service
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Realtors® Declare Confidence in Commercial Market
  WASHINGTON, DC, May 15, 2014-- Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come. National Association of Realtors® Chief Economist Lawrence Yun joined economists and research experts from leading real estate firms during a panel discussion about the major forces shaping commercial real estate markets. The panelists all voiced confidence that commercial markets are well on the road to recovery. "Commercial real estate closely follows the economy, usually with an 18 to 24 month lag time," said Yun. "Realtors® from across the country are reporting increases in sales transaction volumes and income, which tells us that things are turning around. We have not reached pre-recession levels, but the recovery is happening; we are almost getting back to normal." While the first quarter of 2014 saw no growth in Gross Domestic Product, Yun predicts it's a temporary setback. "This was delayed economic activity. What didn't show up in the first quarter will show up in the second quarter," said Yun. However, with the economy improving, consumers should expect to see interest rates rise. "The economic monetary stimulus we are benefiting from now cannot continue forever, so expect to see a long-term, steady rise in interest rates in the coming years." Kevin J. Thorpe, chief economist for Cassidy Turley, expressed a similar positive view of the market. "We are becoming increasingly optimistic," he said. "April was one of the strongest months for job growth that we've seen since the recession, and sales volume is up 11 percent from last year. The data is telling us that this year should be better than last year." The future of commercial real estate in the suburbs was a discussion topic for the panelists. John Sikaitis, managing director for Local Markets and Office Research for JLL, discussed the changing dynamics for office space in the U.S. "Companies are moving away from the traditional office park," he said. "In the next five to seven years, the large office buildings off the highway will be obsolete. If a property does not have the urban amenities preferred by young Millennials, including access to transit, shopping, restaurants, etc., then it is not going to survive without substantially reducing its rent." In line with a growing demand for urban amenities, companies are beginning to focus on the quality of space over size. "Since the great recession, large and small offices alike have changed the way they use real estate," said Sikaitis. "Businesses are averaging less space per worker and beginning to focus on how their office space can contribute to the health and well-being of their employees." Features such as air sanitation, circadian rhythm lighting and layouts that promote movement and fitness are becoming commonplace in many office spaces, he said. "Cost is no longer the deciding factor for these tenants; employee retention and creating a healthy work life balance are at the core of these decisions," said Sikaitis. For recaps of forums and the latest news from the conference, visit NAR's Realtor® Party Live website pages, http://live.blogs.realtor.org/, and on Twitter, https://twitter.com/RPCTE. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries. Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website. Statistical data in this release, as well as other tables and surveys, are posted in the "Research and Statistics" tab.
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HomeActions Launches New Commercial Real Estate and Mortgage Editions
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MAAR’s Commercial Council Earns ACE Award
MEMPHIS, Tenn., – December 5, 2013 – The Memphis Area Association of REALTORS® Commercial Council has been honored with a 2013 ACE Award, for Accredited Commercial Excellence. "The Memphis Area Association of REALTORS® continues to demonstrate their commitment to their REALTOR® members who are engaged in the business of the commercial real estate industry, while also being an active contributor to the overall community," said Jean Maday, Director of Commercial Development & Outreach Services at the National Association of REALTORS®. "NAR is proud to recognize their successes of 2013 in continuing to build a REALTOR® organization with strong services for commercial real estate professionals." Melanie Blakeney, MAAR CEO/Executive Vice President, said the award is a sign of the Commercial Council's vibrant growth in recent years and the sustained leadership from local commercial REALTOR® members. "Our Commercial Council members, especially those in leadership positions, have taken complete ownership and just created something that is really special," said Katie Shotts, Communications & MAAR Commercial Council Director. "All of us at MAAR are honored and humbled that the Commercial Council has received an ACE Award." With more than 300 members, the MAAR Commercial Council is a self-governed, freestanding division of the Memphis Area Association of REALTORS®. Members include commercial developers, commercial brokers and affiliate brokers, property managers and other commercial real estate-related professionals. More information, visit www.maarcommercialcouncil.com.
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Modest Growth Seen in Commercial Real Estate Markets
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Realtor.com® Expands Commercial Listings Content
SAN JOSE, Calif., Sept. 23, 2013 -- Realtor.com®, operated by Move, Inc. (NASDAQ: MOVE), today announced the launch of its expanded commercial search functionality powered by CommercialSearch. CommercialSearch is owned and operated by Xceligent, a leading provider of proactively researched commercial real estate information. Realtor.com® and Xceligent first announced their agreement to expand commercial listings search on realtor.com® in May. With this launch, people interested in buying, selling, or leasing commercial real estate properties can now view over 450,000 active commercial listings directly in the "Commercial" category on the realtor.com® homepage or at http://commercialsearch.realtor.com. Targeted filters allow users to search by property type to find retail, office, industrial, multifamily, hotel/motel, land, farm/ranch, mobile home park and specialty properties for sale and lease. Additionally, search results may be saved to a "Favorites List," and it's even possible to research REALTORS® in a local area. "Expanding listings content on realtor.com®, while remaining steadfast in our commitment to accuracy, is crucial in allowing us to better serve consumers. An increased investor presence in the market over the past couple of years deepened the industry's need for a comprehensive source for commercial listings information," said Errol Samuelson, president of realtor.com®. "We are proud to be the first comprehensive resource for both residential and commercial listings in the industry to meet the needs of professional real estate investors, tenants and brokers." CommercialSearch is one of the largest national marketplaces of commercial real estate listing and property information, aggregating data from multiple sources including Xceligent's fully researched markets, hundreds of multiple listing services (MLS), Commercial Information Exchanges (CIE) of every market size, and the majority of the nation's top 50 commercial brokerages. "Realtor.com® is one of the most heavily trafficked real estate sites in the world and CommercialSearch is one of the largest collections of commercial listings in the country. Exposing our national marketplace to the realtor.com® audience creates an incredibly powerful platform for transacting commercial real estate," said Doug Curry, CEO of Xceligent, Inc. "This relationship exemplifies Xceligent's history of partnering with the industry to improve the landscape of commercial real estate." About realtor.com® Operated by Move, Inc., (NASDAQ: MOVE), realtor.com® helps connect people with the content, tools and expertise they need to find their perfect home. As the official website of the National Association of REALTORS®, realtor.com® empowers consumers to make the smartest decisions when it comes to finding a home by leveraging direct connections with more than 800 MLSs to deliver the most accurate and up-to-date listing information in neighborhoods across the country, and by making timely and meaningful connections between consumers and REALTORS®. Whether through desktop, mobile, or tablet versions, realtor.com® is where home happens. About Move, Inc. Move, Inc. (NASDAQ:MOVE), the leader in online real estate, operates realtor.com®, the official website of the National Association of REALTORS®; Move.com, a leading destination for new homes and rental listings, moving, home and garden, and home finance; ListHub™, the leading syndicator of real estate listings; Moving.com™; SeniorHousingNet; SocialBios; Doorsteps, TigerLead®; and TOP PRODUCER® Systems. Move, Inc. is based in San Jose, Calif.
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Want to Create Videos, But Don't Have the Hardware?
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