You are viewing our site as an Agent, switch your view below:

Agent | Broker     Reset Filters to Default
Second Century Ventures Selects Inaugural Commercial Accelerator Class
WASHINGTON (July 18, 2019) -- Second Century Ventures, the strategic investment arm of the National Association of Realtors, announced its first REACH Commercial Class today. REACH is a growth technology accelerator program helping launch companies into the real estate, financial services, banking, home services, and insurance industries. The newest track, REACH Commercial, focuses on accelerating innovative solutions for all aspects of the commercial real estate marketplace. The inaugural REACH Commercial class offers innovation in multifamily housing, vacation rental, lending, listing, smart office planning, and transaction management. "REACH Commercial will leverage an exceptional network of real estate industry professionals, strategic partners, investors, and mentors to increase the depth of the commercial real estate field and further advance our mission to keep REALTORS® at the forefront of the industry," said Bob Goldberg, CEO of the National Association of Realtors®, and President of Second Century Ventures. "We are thrilled to welcome this dynamic group of entrepreneurs revolutionizing the commercial real estate marketplace." The companies chosen for the 2019 REACH Commercial class are: Biproxi: End-to-end transaction platform for commercial real estate practitioners; Coeo: Open data CRE platform that matches brokers and users to their ideal space in seconds; CRE Simple: Integrated commercial real estate lending platform delivering transparency, speed and certainty; LulaFit: Luxury amenity management firm for Class A+ multifamily and commercial office spaces; Trove: Boutique vacation rental service delivering exceptional consumer experiences and maximum value for property owners; Twofold: Smart, zero-footprint furniture and structures for home and office space optimization. "REACH Commercial is uniquely positioned to help launch and accelerate the most promising new technology companies focused on delivering innovation at all levels of the commercial real estate eco-system," said Tyler Thompson, Managing Partner, Second Century Ventures. "The 2019 REACH Commercial class is a remarkable lineup of solutions benefiting property investors, sellers and practitioners alike." REACH Commercial will offer its 2019 class a robust curriculum including mentorship, education, a curated insight panel, exclusive networking opportunities, and significant exposure to the global real estate marketplace. Those chosen for the program have demonstrated solid business models, executable business plans and significant potential to influence our nation's economy. "We have selected six companies for the first REACH Commercial class that are already well on their way to being the market leaders in their spaces. They are changing how we buy and lease properties, live and work in them, and are providing end-to-end industry-changing platforms," said Bob Gillespie, Executive Director, REACH Commercial. "We have an outstanding 2019 class and look forward to helping them achieve exponential growth." REACH is a unique real estate technology accelerator created by Second Century Ventures, a strategic technology investment fund backed by the National Association of Realtors®, which leverages the association's more than 1.3 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH Accelerator program helps technology companies launch into the real estate vertical and its adjacent markets. The program provides 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.
MORE >
Brevitas and RPR Partnership is Now Live
During the REALTORS® Legislative Meetings and Trade Show this May, NAR announced a partnership with the national listing platform Brevitas. Founded in 2015, Brevitas now has more than 45,000 commercial professionals using their site. REALTORS can join this network by accessing a free Brevitas account or take advantage of an exclusive discount on premium Brevitas memberships that include more features. In addition to REALTOR® cost savings, this partnership is exciting because RPR has collaborated with Brevitas so members can easily work between both platforms. So regardless of where REALTORS® choose to start, there’s an ease of use for moving between RPR and Brevitas applications. Let’s say a REALTOR® goes to brevitas.com and finds a property that is of interest and wants to dive into RPR public records or research the demographics. As long as the REALTOR® is logged into Brevitas using the NAR sign-in portal, RPR features are available for continued research. Now let’s say that the REALTOR® starts their process inside of RPR. Maybe they are using one of the RPR site selection tools and in that process land on one of the 37,000 Brevitas listings now available in RPR. The property will include a link to the listing agent’s contact details and will be directed back to the listing on Brevitas. This action will allow the REALTOR® to review the listing agent’s remarks and attachments for more details or make a request for more information. Visit the Brevitas / NAR sign-in portal To view the original article, visit the RPR blog.
MORE >
NAR Partners with CREXi, Industry Leading Commercial Real Estate Listing Marketplace
MORE >
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.
MORE >
Piecing Together a Commercial Market
MORE >
RPR Enhances Drive Time and Distance for Custom Trade Areas
RPR is excited to announce that practitioners now have the option to run custom Commercial Trade Area Reports that can compare 3 minute, 5 minute, and 10 minute drive or walk times; or 1 mile, 3 mile, and 5 mile radiuses starting from a single point. As a highly requested enhancement, we'd like to thank commercial members for weighing in and making their voices heard to add this functionality to RPR Commercial. Ready to get started? Here's how to use this new feature in 3 easy steps: 1. Find the subject property or area you want to analyze on one of RPR Commercial's maps. 2. Select the Use a map pin dropdown at the top of the map and choose Drive Time or Distance as your setting. If you are using the "drive/walk" time tool select the 3, 5, or 10 minute option under the Length of Journey dropdown. If you selected Distance, start with either the 1, 3, or 5 mile radius options. And, then click Apply. 3. Once the map generates the area click anywhere inside of the colored section and select the Create Trade Area Report option. Now you can apply a custom name or just select OK and you will be redirected to the reports page. Here you have the options to run a standard report, add custom pages or modify the data sets you want to include. Here's a Drive Time and Distance example from the Commercial Property report. Log in today to RPR Commercial and run your custom trade area report. To view the original post, visit the RPR blog.
MORE >
Realtors See Increase in Commercial Income and Sales Volume for Second Straight Year
MORE >
Foreign Investment in U.S. Commercial Real Estate Remains Strong, China and Mexico Top Investors
WASHINGTON (June 28, 2018) — Nearly one-fifth of Realtors® practicing in commercial real estate closed a sale with an international client in 2017, and 35 percent said they have experienced an increase in the number of international clients in the past five years, according to a report from the National Association of Realtors®. NAR's 2018 Commercial Real Estate International Business Trends report analyzed cross-border commercial real estate transactions made by Realtors® during 2017. The study found that most Realtors® who specialize in commercial real estate reside in smaller commercial markets where the typical deal is less than $2.5 million. "The profile of smaller commercial markets is continuing to rise as many foreign investors are attracted to smaller-sized properties in secondary and tertiary markets, bringing Realtors® confidence that increased sales and leasing activity will continue to occur in 2018," said Lawrence Yun, NAR chief economist. "Since 2016, world economies have regained their footing and have pressed toward higher ground. Global economic output increased in 2017, and commercial real estate continues to be a healthy investment for global investors," Yun added. Of the 59 percent of Realtors® who indicated they completed a commercial real estate transaction last year (69 percent in 2016), 18 percent reported closing a deal for an international client (20 percent in 2016). Among survey respondents who closed an international transaction, 46 percent closed a buyer-side transaction, 13 percent a seller-side transaction and the remainder closed both types of transactions. Over 60 percent of buyer-side sales were transactions with foreign buyers who primarily reside abroad. Most seller-side transactions (57 percent) were of properties sold by clients who were temporarily residing in the U.S. on non-immigrant visas. Nineteen percent of Realtors® said they completed a lease agreement on behalf of a foreign client, down from 22 percent in 2016. The median gross lease value for international lease transactions was $200,000 ($105,000 in 2016) with most space typically under 2,500 square feet. The top countries of origin for buyers were China (20 percent), Mexico (11 percent), Canada (8 percent) and the United Kingdom (6 percent). While sellers were typically from Mexico (20 percent), China (15 percent), and Brazil and Israel (both 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 and seller destination. International commercial buyer and seller transactions typically tend to be at the higher end of the market. Last year, the median international buyer-side transaction was $975,000 and a median seller-side transaction was $1 million, while the median commercial transaction was $625,000. "Realtors®' international clients found U.S. commercial real estate markets to be a good value in 2017. About seven in 10 respondents reported that international clients view U.S. prices to be about the same or less expensive than prices in their home country," Yun stated. The survey also found that foreign buyers of commercial property typically bring more cash to the table than those purchasing residential real estate. Seventy percent of international transactions were closed with cash, while NAR's 2017 residential survey found that half of buyers paid in cash. For those not using all cash, 25 percent of commercial deals involved debt financing from U.S. sources. A majority of buyers purchased commercial space for rental property (39 percent) or for business investment purposes (34 percent). NAR's commercial community includes commercial members, real estate boards, committees, advisory boards 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 80,000 NAR members specialize in commercial real estate brokerage and related services including property management, land counseling and appraisal. In addition, more than 200,000 members are involved in commercial transactions as a secondary business. 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.
MORE >
Realtors Say Commercial Market on the Upswing, Construction Activity Sluggish
MORE >
Outlook Remains Bright for Commercial Real Estate Despite Price Plateau
WASHINGTON (September 12, 2017) — Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast. Backed by the ongoing stretch of outstanding job creation in recent years, national office vacancy rates are forecast by Realtors® to retreat 1.1 percent to 11.9 percent over the coming year. The vacancy rate for industrial space is expected to decline 1.1 percent to 7.8 percent, and retail availability is to decrease 0.4 percent to 11.4 percent. Even as new apartment completions bring more supply to many markets, the multifamily sector will still likely see a vacancy rate decline from 6.6 percent to 6.1 percent. Lawrence Yun, NAR chief economist, says the U.S. economy is on stable footing and is chugging along at a decent but unspectacular pace. "A very healthy labor market and stronger confidence and spending from both consumers and businesses boosted economic expansion to a solid 3.0 percent last quarter," he said. "There's legs for more of the same growth to close out the year, which bodes well for sustained interest in all types of commercial space." According to Yun, the appetite for commercial property is high, but investment activity does appear to be entering the maturation phase of the current cycle. The investor shift away from large markets to smaller ones is creating a divergence in sales activity. In the second quarter, large markets saw a 5 percent annual decline in sales, while Realtors® reported a sales boost of 4 percent in small markets. "While inventory shortages are still driving prices higher in most markets, shrinking cap rates and the higher interest rate environment are expected to lead to a plateau in price growth over the next year, especially for Class A assets in large markets," said Yun. "As a result, investors will continue to look to small and tertiary markets for properties that have the best opportunity to provide stability and generate solid returns." Led by the industrial and multifamily sectors, Realtors® continue to report that leasing fundamentals for the four major commercial sectors are strong. Last quarter, the considerable appetite for industrial space — primarily from ecommerce and trade — resulted in distribution warehouses and logistic centers driving close to 70 percent of new construction leasing. Although 225.4 million square feet of additional space is currently in the pipeline, vacancy rates are still expected to trend downward as supply slowly catches up with demand. In the apartment sector, the pace of new construction is finally slowing in many markets after considerable building in recent years. However, rising household formation and the supply and affordability barriers to homeownership will continue to keep vacancies low and cause rents to maintain their trajectory of outpacing incomes. "The economy is healthy for the most part, but headwinds abound in the short term," said Yun. "A temporary slowdown in areas severely impacted by hurricanes Harvey and Irma, geopolitical tensions abroad and any minor correction in the financial markets could temporarily knock the economy slightly off course in coming months." NAR's latest Business Creation Index (BCI), which launched in August 2016, showed ongoing positive developments for smaller commercial businesses in local communities. Over half of Realtors® have reported an increase in business openings and fewer closings every month since December, with food and beverage and retail making up the bulk of new businesses. 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 more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.
MORE >
Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume
MORE >
Commercial Real Estate Platform Truss and Immersive Media Technology Company Matterport Partner to Improve the Office Search Process
Commercial Tenants Leverage Virtual Reality to Remotely "Walk Through" Properties CHICAGO and SUNNYVALE, Calif., July 18, 2017 -- Today, Commercial Real Estate (CRE) platform Truss and immersive media and virtual reality (VR) pioneer Matterport announced their partnership to provide commercial tenants with a completely new form of immersive 3D media when touring office spaces remotely on the Truss platform. With Matterport's state of the art technology, Truss customers will be able to experience full 3D models of properties and understand exactly what it's like to be inside a space. With the partnership in place, Matterport's Service Partner network of over 2,500 photographers will scan more than 2,500 additional listings. "Our partnership with Matterport is essentially changing how people can visualize commercial properties," said Thomas Smith, co-founder of Truss. "Spending time to physically visit office spaces that may or may not be a match is no longer the only option to search for office space. Thanks to Matterport's sophisticated technology, we can now bring the space to tenants." Matterport's new Pro2 camera offers DSLR-quality photos in addition to 3D virtual tours, VR experiences and dimensionally accurate floor plans. With the new partnership, Truss is utilizing all of the many outputs that can be created from one camera, allowing office seekers to navigate spaces and walk through them as if physically present. By providing complete information about a property in an immersive, online format, tenants shorten the deal cycle significantly. "We're excited to partner with Truss as they pioneer innovative ways to help companies search for office space," said Bill Brown, CEO of Matterport. "Our end-to-end solution automates the process of capturing and creating immersive walk-throughs, enabling forward-thinking companies like Truss to deliver a superior experience to their customers." Today, less than 10 percent of commercial listings include an interior photo of the property and less than 50 percent have complete pricing. The Truss platform transforms the experience and empowers office seekers with total cost of occupancy, dimensioned floor plans and interior details at the very beginning of the search process. About Truss Truss simplifies the process of finding and renting office space. Its web and mobile platform enables businesses to go from search to lease with ease. More information about Truss and how to lease office space is available at www.buildtruss.com. About Matterport Headquartered in Sunnyvale, CA, Matterport is an immersive media technology company that delivers an end-to-end system for creating, modifying, distributing, and navigating immersive 3D and virtual reality (VR) versions of real-world spaces on Web, mobile devices, and VR headsets. The Matterport Pro Camera and Cloud Services make it quick and easy to turn real-world places into immersive virtual experiences. More information about Matterport is available at www.matterport.com.
MORE >
Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise
MORE >
Realtors® Have a Positive Outlook for Commercial Markets in 2017
WASHINGTON (May 19, 2017) – While challenges face commercial real estate markets, Realtors® specializing in the sector should have confidence that growth will continue. That’s according to speakers at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo. NAR Chief Economist Lawrence Yun led a panel discussion about the economic forces shaping commercial real estate markets; the panelists agreed that the market has improved and that continued growth in the economy will further drive activity, but difficulties remain regarding availability of financing for smaller commercial properties. George Ratiu, NAR director of quantitative and commercial research, said that increased trade and the rise of e-commerce has boosted rents in the industrial and warehouse sector. “During a time of transformation in consumer shopping habit, vacancy rates will still continue to see a gradual decline in warehousing and strong rent growth will continue,” he said. Unemployment has declined to 4.4 percent and consumer confidence is at its highest point in 15 years. As the economy improves, the commercial real estate market has continued to improve as well, said Yun. “A rising interest rate environment is likely to halt commercial price growth or even cause a minor decline; that outlook is supported by the expanding economy and the over 2 million jobs gained in the past year,” he said. Looking at the global market, Ratiu explained that global commercial investors have hit the pause button on investments, which in the first quarter of 2017 decreased nearly 20 percent year-over-year; however, certain U.S. markets are seeing good global cash flow with $76 billion flowing to the U.S. “Overall global investments are down, while the San Francisco, Dallas, Charlotte, Houston and Baltimore markets have experienced large sales volume gains,” he said. With the blip in overall global investments in the first quarter, international buyers are likely to play a greater role in the U.S. market this year. “Over the past five years, a near majority of Realtors® experienced an increase in the number of international clients. We expect international buying activity to grow in 2017, which will have an overall positive impact on the commercial market’s gradual recovery,” said Yun. One major hurdle that continues to affect the market is the lack of available financing to small commercial real estate investors, due in large part to regulatory uncertainty. “Realtors® are seeing evidence of markets being impacted by regulators’ increased scrutiny of banks’ balance sheet allocations to commercial real estate loans,” said Ratiu. “Considering that 64 percent of Realtor® clients get their financing from banks, this is likely to impact deal flow as lending conditions tightened in 37 percent of Realtors®’ markets, a four percent increase from last year.” John Worth, senior vice president of research and investor outreach at the National Association of Real Estate Investment Trusts, discussed the performance of commercial real estate investment and its status among other investment sectors. “Real estate investment is currently the best performing asset class. Strong returns and the level of new commercial supply we are seeing today is making up for a lot of missing sectors, following the economic downturn. The first quarter of this year saw a slight decrease, but 2017 is experiencing an overall healthy trend,” he said. 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.
MORE >
RPR Introduces Conversations with Commercial Real Estate Pros
MORE >
Catylist Selected as New Commercial Listings Service Provider for the REALTORS® Association of Lincoln and the Omaha Area Board of REALTORS®
The REALTORS® Association of Lincoln and the Omaha Area Board of REALTORS® recently contracted with Catylist to power their online Commercial Information Exchange (CIE). The new service, scheduled to launch May 1, 2017 at http://www.mrcie.org will connect commercial professionals, owners, tenants and investors looking to buy, sell and lease commercial properties throughout the Midlands area. Members of the Midlands CIE will benefit from joining Catylist's national collaborative, extending the reach of their marketing efforts through a nationwide network of associations and listing service. According to Richard Maxson, SVP of Sales and Marketing for Catylist, "Catylist is excited about the opportunity to serve the regional Midlands CIE, backed by the REALTORS® Association of Lincoln and the Omaha Area Board of REALTORS®. Participating members will fully own and control their valuable data on Catylist, a national network that connects commercial professionals and clients nationwide." Midlands CIE members will receive a full-featured marketing system with the ability to simultaneously market properties on over 40 websites, promote their expertise, create high-end marketing presentations, communicate with local and national commercial professionals, and access a variety of integrated marketing tools on the member-only side of the website. About CatylistFounded in 2001, Catylist is a commercial real estate technology company. Thousands of real estate brokers, investors, tenants, property managers, landlords, and appraisers use Catylist to market and search commercial real estate. Catylist is the leading provider of Commercial Information Exchange (CIE) and Commercial Multiple Listing Service (CMLS) solutions for real estate communities. Catylist recently launched Catylist Research, currently offering fully-researched solutions in select markets across the country.
MORE >
Commercial Real Estate Platform Powerhouses Announce Integration
MORE >
Stable Growth Expected for Commercial Real Estate in 2017
  WASHINGTON (February 23, 2017) — Steered ahead by strengthening demand in smaller markets, the commercial real estate sector should remain on stable ground in 2017 and offer decent returns for investors, according to the latest National Association of Realtors® quarterly commercial real estate forecast. National office vacancy rates are forecast by Realtors® to retreat 1.1 percent to 12.1 percent over the coming year as job growth in business and professional services brings increased need for office space. The vacancy rate for industrial space is expected to decline 1.3 percent to 7.1 percent, and retail availability to decrease 0.7 percent to 11.2 percent. Only the multifamily sector is predicted to have little change to its vacancy rate over the next year as new apartment completions keep openings mostly flat at 6.5 percent. Lawrence Yun, NAR chief economist, says the U.S. economy is poised for slight improvement in 2017. "Last year was the 11th year in a row of subpar GDP growth, but renewed corporate optimism leading to a focus on investment and a desperately needed boost in residential construction should pave the way for modest expansion this year of around 2.4 percent," he said. "Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending, which in turn bodes well for sustained demand for all commercial property types." The apartment sector is expected to preserve its status as a top performer this year simply because ongoing supply and affordability challenges are keeping the nation's low homeownership rate from seeing meaningful improvement. Even with a small uptick in the vacancy rate as new building completions catch up with demand, rents will likely maintain their solid growth in most of the country. "Especially in the costliest metro areas, higher home prices and mortgage rates are squeezing the budget for many renters looking to buy and inevitably forcing them to sign a lease for at least another year," said Yun. According to Yun, commercial property prices — especially in Class A assets in larger markets — surpassed pre-crisis levels last year because of aggressive bidding and lower inventory levels. However, with the Federal Reserve expected to raise short-term rates three times in 2017, a minor price correction may be in store this year as cap rates move higher. "Similar to the biggest ongoing challenges in the residential market, supply and demand imbalances continue to put upward pressure on commercial property prices as investors search for yield in smaller markets," said Yun. "Realtors® are increasingly citing inventory shortages as their top concern as the pace of new projects slows in large cities and middle-tier and smaller markets see a growing appetite for space." The latest Realtors® Commercial Real Estate Market Survey highlighted the strong underlying demand for commercial properties up to $2.5 million, where most transactions from NAR's commercial members reside. Compared to a year ago, sales volume rose 12.9 percent, prices increased 5.5 percent and the average transaction value equaled $1.1 million. NAR's most recent Business Creation Index (BCI) also showed a positive trend for smaller commercial businesses. Created to monitor local economic conditions from the perspective of NAR's commercial members, December's BCI found that Realtors® reported more business openings and fewer closings over the past year in their market. Yun says at least in the short term, the possibility of a more tax-friendly business environment combined with the positive benefits of 1031 exchanges could quicken the pace of economic growth and support stronger commercial market fundamentals. The industrial sector — already enjoying increased demand from the soaring popularity of e-commerce — could see a further decline in vacancy rates if increased manufacturing comes to fruition and accelerates the need for more warehouse space. "The positive direction for commercial real estate this year will be guided by the steadily expanding U.S. economy, which has legs to grow and continues to be one of the top economic performers and safest bets in the world," concluded 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. 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 1.1 million members involved in all aspects of the residential and commercial real estate industries.
MORE >
Traffic count data arrives in RPR Commercial and mobile
MORE >
Hanna Commercial Launches New Auction App
Cleveland, OH (December 5th, 2016) – With an eye towards the future, Hanna Commercial has launched an auction app, making it easier for remote bidders to track and participate in auctions. Since 90% of mobile time is spent in apps, according to a recent Yahoo! article, Hanna Commercial wanted to tap into that market, while also making the bidding process simpler for those who cannot be there in-person. The new auction app is like an "eBay" for real estate, allowing participation by those who might be on vacation, located internationally, or handling an emergency that prevents them from attending an auction. Previously, those who could not attend a live auction would send a proxy or bid via phone. This made the process difficult, but now participants can simply download the app and conveniently participate in the auction remotely. "We are very excited to introduce our new mobile bidding app. While we specialize in live open outcry auctions, this new app gives us the ability to enhance the size of our pool of bidders for any given auction," said Michael E. Berland, Principal & Managing Director. "Now bidders will be notified and be able to view our upcoming auctions, review property information, and once approved, bid remotely from their phone or other device." Gordon J. Greene, Principal & Managing Director, is excited about the convenience of the app for new and existing clients alike. "Most of our real estate bidders like to be at the actual live auction with other bidders. They believe it is an advantage to be able to see who they are bidding against. But when you can't be in two places at one time, the convenience of the Chartwell Auctions Cell Phone Bidding App allows them to place their bids while they are (1) out of town on vacation; (2) in a conference meeting at their office; (3) at a wedding of a family member; or (4) any other situation that might conflict with the time and place of the auction. It turns out that Einstein may have been wrong. You can be in two places at the same time." In addition to facilitating participation in live auctions, the app lists current auctions, and those who sign up for an auction will get updates and reminders through the application. The app streamlines the process for participants, making it easier than ever to participate in a Hanna Commercial auction. Howard Hanna Real Estate Services is the 3rd largest real estate company in America, the #1 privately owned broker in the nation, and the largest home seller in Pennsylvania, Ohio, and New York. The family-owned and operated real estate company specializes in residential and commercial brokerage service, mortgages, closing and title insurance, land development, appraisal services, insurance services, corporate relocation and property management. With 270 offices across PA, OH, NY, VA, MI, WV, NC and MD, our more than 9,000 sales associates and staff are guided by a spirit of integrity in all aspects of the real estate process. For more information, please visit: www.howardhanna.com.
MORE >
Commercial Real Estate Expansion Foreseen
MORE >
NAR Reports Significant Increase in Commercial Membership
  WASHINGTON (July 28, 2016) – The median annual income and number of sales transactions of National Association of Realtors® commercial members decreased slightly as the number of new commercial members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile. The number of commercial members with less than two years of experience nearly doubled to 9 percent in 2016, from 5 percent in 2015. 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. "As the U.S. economy continues to experience strong, steady recovery, NAR has seen more and more members choose to specialize in commercial real estate," said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. "Realtors® who practice commercial real estate help build and improve the economies of our local communities, so as a community's commercial real estate market grows and improves so does the local economy." The median years of experience in real estate dropped to 15 years in 2016 from 20 years in 2015, as did the median years of experience in commercial real estate, down from 25 years to 20 years. The median gross annual income for commercial members in 2015 was $108,800, down from $126,900 in 2014. Brokers and appraisers reported the highest annual gross income at $145,800 and $130,800 respectively while sales agents reported the lowest at $$67,300, which is in line with last year's results. Those with less than two years of experience reported a median annual income of $43,400 in 2015, down from $67,200 in 2014; and those with more than 26 years of experience reported a median annual income of $165,385 in 2015, up from $162,800 in 2014. "The slight drop in annual income appears to be associated with a substantial number of new commercial members entering the industry," said Lawrence Yun, NAR chief economist. "The report tells us that the more years of experience in commercial real estate a member has the more revenue they take in." The increase in new commercial members has been predominately new sales agents and as a result led to a shift in license type. Forty-seven percent of NAR's members who practice commercial real estate are brokers, down from 59 percent last year, while licensed sales agents made up 31 percent of commercial members, up from 24 percent. Additionally, 17 percent of commercial members have a broker-associate license and 5 percent hold an appraisal license. The median sales transaction volume among commercial members who had a transaction was $2,931,000 in 2015, an increase from $2,916,700 in 2014. Eight percent of commercial members reported not having a transaction at all, likely due to the influx of new members in commercial real estate. Thirty-five percent of commercial members were involved in international transactions in 2015, up from 32 percent in 2014. Commercial sales agents had the most experience with foreign clients with 45 percent reporting an international transaction. Nineteen percent of all respondents saw an increase in international clients, while only 1 percent reported a decrease. The median lease transaction volume in 2015 among members who reported at least one transaction was $600,000. While those members who manage properties typically managed 50,000 total square feet representing 17 total spaces in 2016, down from 75,000 square feet and 20 spaces managed in 2015. Those who manage offices typically manage 20,000 square feet representing five total spaces. Forty percent of members who practice commercial real estate have a commercial designation. Twenty-seven percent of members have a designation with the CCIM Institute, 8 percent with the Institute of Real Estate Management, 7 percent are Certified International Property Specialists and 4 percent are Society of Industrial and Office Realtors®. Seventy-three percent of commercial members are male, down from 75 percent in 2014, as more women continue to enter the industry. The median age remained the same as last year at 60 years old. Sixty-nine percent of members have a bachelors' degree or higher. The 2016 NAR Commercial Member Profile was based on a survey of 2,048 members. Income and transaction data are for 2015, while other data represent member characteristics in 2016. Approximately 80,000 commercial real estate professionals are members of NAR, making it the largest commercial organization in the industry. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries.
MORE >
Coldwell Banker Commercial Affiliates Announces New Website Enhancements
MORE >
Lending Remains Largest Concern for Commercial Real Estate Market, Say Realtors®
  WASHINGTON — Realtors® specializing in commercial real estate expressed confidence in the continued recovery seen in the market but concern over the availability of commercial financing, during a commercial economic issues and trends forum at the 2016 REALTORS® Legislative Meetings & Trade Expo. National Association of Realtors® Chief Economist Lawrence Yun discussed the forces affecting commercial markets and said that while the overall market is seeing continued recovery, trepidation remains about the availability of financing for smaller commercial properties. Clients of Realtors® who practice commercial real estate traditionally receive financing from smaller local or regional banks, many of which have slowed their lending as a result of the new financial regulations. When the audience was polled about their major concerns for 2016, lending was the number one issue by a wide margin. "The big guys have access to big money, while those specializing in smaller transactions do not have access to those sources. The largest banks can handle the compliance and higher capital requirements, but the smaller banks have less resources to meet these new regulations," said Yun. Yun called for a relaxing of regulation on small financial institutions. "Smaller sized banks do not cause systemic risk; if a small bank goes under, it will not affect the entire market. They, and the businesses that depend on them, need regulatory relief," he said. Despite these restrictions, the smaller commercial market is experiencing steady recovery, and market fundamentals have seen improvement across most sectors. Industrial and apartment sectors are seeing vacancy rates below pre-recession numbers, and the office sector is almost at its pre-recession level. However, recovery in the retail sector has remained sluggish, with vacancies still high and rents slow to rise. "People are no longer walking around the city to buy things, they are going online and having their purchases delivered," said Yun. "This has kept the retail sector from fully recovering, leaving it as the only 'soft' sector in commercial real estate." Mark Vitner, managing director and senior economist for Wells Fargo, spoke about the effect of the global economy on commercial markets. "The global outlook is so bad that Argentina and New Zealand are some of the few bright spots in the global economy," said Vitner. "Devaluation of Chinese currency has had an enormous impact on the American economy.  China accounts for 70 percent of the U.S.' growth in exports, and the adverse effect it has had on the economies of our other trading partners has led to a slowdown in their economic growth." Vitner insists, however, that things could be much worse. "We may be seeing gross domestic product growth underperforming at 2 percent; however, Europe and Japan are seeing no growth, and many other countries have fallen into a recession," he said. "Comparatively, the U.S. is performing well. As Jonny Cash said, 'We are the cleanest dirty shirt in the closet.'" For more information on the commercial real estate market, visit realtor.org/commercial. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries.
MORE >
Hanna Commercial Completes Simultaneous Sale of 97 Commercial Assets
MORE >
Commercial Real Estate Experts: Moderate Expansion, Easing Prices Expected in 2016
  WASHINGTON (February 4, 2016) — Despite various global and domestic hurdles hindering economic growth, steady job gains and stable leasing demand should help keep commercial real estate activity expanding in 2016, according to the authors of an annual report published jointly by Situs Real Estate Research Corporation (RERC), Deloitte and the National Association of Realtors®. According to the report, Expectations & Market Realities in Real Estate 2016—Navigating through the Crosscurrents, commercial real estate activity is forecast to gradually grow this year with demand for space holding steady across all commercial sectors. While commercial property values and price gains are expected to flatten after surpassing 2007 peaks in some major markets, investors will still benefit from the strong income flows generated from new and existing leases. The fifth annual release of the joint report draws on the three organizations' respective research and expert analysis and offers an objective outlook on commercial real estate through forecasts and commentary on the current economy, capital markets and commercial real estate property markets. A research-based assessment of the office, industrial, apartment, retail and hotel property sectors is also provided. "Historically low interest rates, especially in treasuries, combined with commercial real estate's stable prices and value make this asset an attractive investment," says Ken Riggs, president of Situs RERC. "Looking into 2016, the commercial real estate market should moderate, which could stabilize prices." Vacancies are expected to continue to decline slightly in 2016 for all property types, except in the apartment sector, where they are forecast to increase modestly by the end of the year as more new project completions come onto the market. Continued job growth, demand exceeding supply and limited new construction (outside of multifamily) should lead to rising rents and steady investor returns, which overall will shift away from capital appreciation as price growth levels off in many markets. Continuing on the same slow trajectory seen for many years, the U.S. economy – facing headwinds from a rising dollar, financial market volatility and geopolitical concerns – is forecast to grow at a rate of 2 percent to 3 percent in 2016, which is stronger than most global economies and enough to generate around two million net new jobs over the next year. Deflationary pressures related to low gasoline and energy prices are expected to diminish by mid-2016, in part because of robust growth in apartment rents. "Supported by solid hiring in most parts of the country, the demand for ownership and rental housing will continue to increase in 2016 despite another year of meager economic expansion," says Lawrence Yun, NAR chief economist. "While supply shortages will weigh on housing affordability and push home prices and rents higher, the housing sector will keep the U.S. economy afloat and lead the residential investment component of GDP growth by up to 10 percent this year." About the National Association of Realtors® 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. About Situs RERC Situs, the premier global provider of end-to-end strategic business solutions and integrated process and technology solutions for the Financial Services Industry, has offered customized services to leading financial institutions, investors, owners, and developers since 1985. Situs offers a broad portfolio of strategic solutions including Debt Advisory, Loan Servicing, Consulting & Staffing, Valuation Management, Business Process Outsourcing, and Asset Management, among others. Situs' business provides customized solutions that mitigate deal execution risk for clients while maximizing operating margins. Situs is headquartered in Houston and has offices throughout the United States, Europe, and Asia. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Please see www.deloitte.com/about for a detailed description of DTTL and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
MORE >
Help Shape the Future of RPR Commercial
MORE >
Modest Growth Expected in Commercial Real Estate Markets
  WASHINGTON (May 26, 2015) — A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, 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 the demand for office space slowly improves. The vacancy rate for industrial space is expected to decline 0.3 percent and retail space 0.4 percent as manufacturing output increases and low gas prices and slight income gains boost consumer spending. An influx in new apartment construction is forecast to cause an uptick (0.1 percent) in the multifamily vacancy rate. Lawrence Yun, NAR chief economist, says commercial rents have risen at a moderate pace across the board for several quarters now and vacancy rates have been on a gradual decline. "The commercial real estate sector is on the path to recovery, but subpar economic growth, lack of financing available to small investors and the industry trend towards squeezing more employees into existing spaces will keep demand from meaningful acceleration," he said. "The exception is multifamily housing, which remains the best performer with vacancy rates under 4 percent in several markets in the Northeast and in California." According to Yun, job growth and increasing household formation among young adults is supporting continued, robust demand for apartments. However, vacancies are expected to slightly rise over the next year as a higher-than-anticipated climb in multifamily completions is coming onto the market to meet that demand. Looking ahead, Yun expects the economy to slowly pick up in upcoming quarters after severe winter weather, a widening trade gap and port disputes on the West Coast dragged on gross domestic product growth in the first quarter. "Similar to last year, economic growth will likely rebound as the year progresses, although perhaps not as robustly as what was seen in 2014. However, as long as jobs are being added at a respectable pace, gradual increases in demand for commercial spaces and leasing projects should continue." 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. According to NAR's recent 2015 Commercial Lending Trends Survey, Realtor® commercial members in the past year managed transactions averaging $1.6 million per deal — frequently located in secondary and tertiary markets — and focused on small businesses and entrepreneurs. Office Markets Office vacancy rates are forecast to slightly decline from 15.6 percent in the second quarter to 15.5 percent in the second quarter of 2016. The markets with the lowest office vacancy rates in the second quarter are New York City, at 8.9 percent; Washington, D.C., at 9.0 percent; San Francisco, at 10.6 percent; and Little Rock, Ark., and Portland, Ore. at 11.6 percent. Office rents are projected to increase 3.4 percent this year and 3.7 percent in 2016. 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 51.8 million square feet this year and 60.0 million in 2016. Industrial Markets Industrial vacancy rates are expected to fall from 8.4 percent in the second quarter to 8.1 percent in the second 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, 3.6 percent; Miami, at 5.3 percent; Seattle, at 5.4 percent; and Palm Beach, Fla., at 5.5 percent. Annual industrial rents should rise at a clip of 3.1 percent both this year and in 2016. Net absorption of industrial space nationally is expected to total 108.8 million square feet in 2015 and 104.9 million square feet next year. Retail Markets Vacancy rates in the retail market are expected to decline from 9.6 percent currently to 9.2 percent in the second quarter of 2016. Currently, the markets with the lowest retail vacancy rates include San Francisco, at 3.0 percent; Orange County, Calif., and San Jose, Calif., at 4.6 percent; Fairfield County, Conn., at 4.7 percent; and Long Island, N.Y., 4.9 percent. Average retail rents are forecast to rise 2.6 percent this year and 3.1 percent in 2016. Net absorption of retail space is likely to total 15.8 million square feet this year and jump to 21.1 million in 2016. Multifamily Markets The apartment rental market should see vacancy rates slightly increase from 4.3 percent currently to 4.4 percent in the second 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 San Bernardino-Riverside, Calif., at 2.5 percent; Sacramento, Calif., 2.6 percent; New Haven, Conn., and Providence, R.I. at 2.7 percent; and Cleveland, Ohio, Oakland-East Bay, Calif., and San Diego at 2.8 percent. With an influx of new supply coming onto the market, average apartment rents are projected to increase 3.6 percent this year and at a slower pace of 3.3 percent in 2016. Multifamily net absorption is expected to total 172,524 units in 2015 and 153,747 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.
MORE >
Commercial Markets Poised for Growth Despite Weaker Global Economy
MORE >
RealMassive Collaborates With Google Cloud Platform to Bring Transparency to Commercial Real Estate
AUSTIN, TX--(Dec 17, 2014) - RealMassive, the first data provider to deliver open access to the commercial real estate marketplace, today announced details of their collaboration with Google that brings organized transparency to the data driving commercial real estate (CRE) transactions, empowering those listing or seeking commercial listings with unprecedented control and access. Essentially, powered by Google's infrastructure, RealMassive now delivers CRE information in real-time everywhere CRE listings live. The details of the collaboration were announced Monday morning on the Google Cloud Platform blog. As the teams at RealMassive and Google continue to collaborate, RealMassive will increasingly leverage Google Cloud Platform to bring extremely fast, real-time, accurate data to the commercial real estate industry (CRE) and eliminate old, inefficient operational models which bound companies to continually updating spreadsheets and flyers across multiple databases. Using RealMassive's platform, companies can now update information in real-time everywhere their CRE listings appear. Joshua McClure, CEO of RealMassive, commented, "The decision to work with Google was a no-brainer. Both companies are committed to ensuring organized data drives business solutions for the markets we serve. In terms of our dedication to being the premier data and marketing platform for CRE; this is just another example of the ways we're bringing the best practices in tech and data to our customers to make their work easier, more efficient and more profitable." "In a highly competitive real estate market like San Francisco, you seek any advantage -- especially technological, to not only find the best space for your clients, but more importantly get them in the door first. I'm all for innovation and the continued development of technological tools that can help me move quickly, confidently and with an unprecedented level of transparency and communication -- that's real value to my clients," said Alex Lassar, Senior VP in JLL's Tenant Representation Technology Practice Group in San Francisco. In the past two months, RealMassive has launched 11 major U.S. markets, including the launch of the San Diego marketplace this morning, Wednesday, December 17. With San Diego's launch, RealMassive will have 2.2 billion square feet of commercial properties in its database and the company expects significant additional growth as it continues to roll out nationally. Google Cloud Platform enables RealMassive to execute market launches and scale with unprecedented speed and data accuracy. To learn more about RealMassive and/or how to turn on the power of the platform to grow your business, please visit www.realmassive.com. About RealMassive™ - Commercial Real Estate in Real-Time RealMassive™ is the first source for real-time commercial real estate information. The company provides a powerful yet easy way to help commercial real estate professionals collaborate and streamline their marketing efforts while gaining critical insight into the performance of their space and buildings. Tenant reps gain access to accurate availability data through the intuitive tools they need to analyze spaces collaboratively with their customers. RealMassive's cloud-based and flexible design greatly reduces costs and accelerates space identification and deal flow. Sign up today: www.realmassive.com
MORE >
Commercial Real Estate Demand is Holding Steady Despite Overseas Concerns
MORE >
RealMassive Announces Real-Time Commercial Real Estate Service
AUSTIN, TX--(Nov 17, 2014) - RealMassive, the first data provider to deliver open access to the commercial real estate marketplace, today announces the launch of the Los Angeles and Orange County marketplaces. The addition of these new markets brings the current coverage on RealMassive's platform to over 1.5 billion square feet. The company is on track to exceed 2 billion square feet of commercial property coverage by the end of the year. In addition, the company plans to launch Atlanta on Thursday, December 4. The rapid series of market launches is enabled through strong partnerships with leading Commercial Real Estate (CRE) firms augmented by hundreds of researchers spread all over the country, logistically coordinated through a cloud-based framework. The framework was built and tested in the company's test market of Austin, Texas. "We are thrilled to provide CRE professionals and tenants seeking commercial space in Los Angeles and Orange County with access to RealMassive. The sheer size and expanse of these markets was a real challenge, and our launch team performed flawlessly. It's a clear testament to the strength of our team and strategy. We continue to improve on our ability to launch markets as we deliver on our mission to give control of CRE data back to the industry," said RealMassive's CEO Joshua McClure. "Transacting business in Southern California requires a strong team, access to high quality data and the best tools available. RealMassive's platform offers a clear advantage over traditional data providers and we look forward to leveraging the technology as we continue to grow throughout Southern California," said Colby Annett, Co-Managing Partner of Stream Realty Partners in Southern California. RealMassive's platform is packed with innovative technologies in a seamless, beautifully designed interface that is easy to use. In Austin, some of the more popular features include hosted real-time market surveys that enable property owners, brokers and tenants to collaborate throughout the search process; real-time notification when spaces come off the market; custom marketing channels; and CRENow, a service that enables syndication to Twitter and other online channels. To help us launch your market, please contact our communications coordinator at [email protected] About RealMassive™ - Commercial Real Estate in Real-Time RealMassive™ is the first source for real-time commercial real estate information. The company provides a powerful yet easy way to help commercial real estate professionals collaborate and streamline their marketing efforts while gaining critical insight into the performance of their space and buildings. Tenant reps gain access to accurate availability data through the intuitive tools they need to analyze spaces collaboratively with their customers. RealMassive's cloud-based and flexible design greatly reduces costs and accelerates space identification and deal flow. Sign up today: www.realmassive.com.
MORE >
Realtors® Declare Confidence in Commercial Market
MORE >
HomeActions Launches New Commercial Real Estate and Mortgage Editions
  GREEN COVE SPRINGS, FL, May 5, 2014 -- HomeActions has launched two new editions of its easy-to-use and economical e-prospecting system. A commercial real estate edition will help real estate agents build relationships and stay top-of-mind with property investors. A mortgage edition will help generate repeat and referral business for loan officers and mortgage brokers. HomeActions e-newsletters provide: Compelling content about property ownership and raising property values. Flexible design options so users can highlight their branding and easily upload bios, listings and special offers. An Organize-IT service to help users build their email database even if they aren't computer experts. Automatic delivery every two weeks backed up with data intelligence on who opened the newsletter, which articles they clicked on and when the articles were read. "HomeActions combines proven technology and a winning content marketing strategy," said HomeActions CEO Barry Friedman. "Today's busy professionals understand good content is the key to relationship building, but many lack the time, systems and content to do it on a consistent basis. HomeActions offers a cost-effective way to keep your name in front of clients and prospects to generate leads." HomeActions currently sends more than 2.5 million e-newsletters each month on behalf of Realtors® and mortgage lenders. ABOUT HOMEACTIONSHomeActions provides Realtors® and mortgage brokers with a complete relationship-building system to stay top-of-mind, generate repeat and referral business, and build and insulate deal pipelines. The HomeActions system consistently delivers current, engaging articles and widgets of interest to all property owners, not just those actively buying, selling or refinancing.
MORE >
MAAR’s Commercial Council Earns ACE Award
MORE >
Modest Growth Seen in Commercial Real Estate Markets
  WASHINGTON (November 22, 2013) – Commercial real estate leasing patterns are showing steady but modest growth, according to the National Association of Realtors® quarterly commercial real estate forecast. Lawrence Yun, NAR chief economist, projects only modest changes in the coming year. "Jobs are the key driver for commercial real estate, and the accumulation of 7 million net new jobs from the low point a few years ago is steadily showing up as demand for leasing and purchases of properties," he said. "But the difficulty of accessing loans remains a hindrance to a faster recovery." The gross domestic product rose from 2.5 percent in the second quarter to 2.9 percent in the third quarter. NAR's recent Commercial Real Estate Quarterly Market Survey shows leasing activity rose 2 percent in the third quarter from the second quarter, and higher sales levels than a year ago. Yun said there have been some shifts in commercial purchases. "Investors have been looking for better yields, and have found good potential in smaller commercial properties, notably in secondary and tertiary markets," he said. "Sales of commercial properties costing less than $2.5 million in the third quarter were 11 percent above a year ago, while prices for smaller properties were 4 percent above the third quarter of 2012." Commercial investment in properties costing more than $2.5 million1 rose 26 percent from a year ago, while prices for large properties were 9 percent above the third quarter of 2012. National vacancy rates over the coming year are forecast to decline 0.2 percentage point in the office market, 0.6 point in industrial, and 0.5 point for retail real estate. The average multifamily vacancy rate will edge up 0.1 percent, but that sector continues to see the tightest availability and biggest rent increases. 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 were provided by REIS, Inc., a source of commercial real estate performance information. Office Markets Vacancy rates in the office sector are expected to decline from a projected 15.6 percent in the fourth quarter to 15.4 percent in the fourth quarter of 2014. The markets with the lowest office vacancy rates presently (in the fourth quarter) are New York City, with a vacancy rate of 9.8 percent; Washington, D.C., at 9.9 percent; Little Rock, Ark., 12.0 percent; and Nashville, Tenn., 12.9 percent. Office rents should increase 2.4 percent this year and 2.5 percent in 2014. 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 seen at 32.2 million square feet this year and 46.1 million in 2014. Industrial Markets Industrial vacancy rates are likely to fall from 9.2 percent in the fourth quarter of this year to 8.6 percent in the fourth quarter of 2014 The areas with the lowest industrial vacancy rates currently are Orange County, Calif., with a vacancy rate of 3.9 percent; Los Angeles, 4.0 percent; Miami, 6.0 percent; and Seattle at 6.3 percent. Annual industrial rents are expected to rise 2.3 percent this year and 2.5 percent in 2014. Net absorption of industrial space nationally is anticipated at 97.0 million square feet in 2013 and 104.9 million next year. Retail Markets Retail vacancy rates are forecast to decline from 10.4 percent in the fourth quarter of this year to 9.9 percent in the fourth quarter of 2014. Presently, markets with the lowest retail vacancy rates include Fairfield County, Conn., at 3.9 percent; San Francisco, 4.0 percent; Long Island, N.Y., 5.2 percent; and Northern New Jersey at 5.3 percent. Average retail rents should increase 1.4 percent in 2013 and 2.2 percent next year. Net absorption of retail space is projected at 11.0 million square feet in 2013 and 18.1 million next year. Multifamily Markets The apartment rental market – multifamily housing – is likely to see vacancy rates edge up 0.1 percentage point from 3.9 percent in the fourth quarter to 4.0 percent in the fourth quarter of 2014, with new construction helping to meet higher demand. As a rule, vacancy rates below 5 percent are considered a landlord's market, with demand justifying higher rent. Areas with the lowest multifamily vacancy rates currently are New Haven, Conn., at 1.9 percent; Syracuse, N.Y., 2.0 percent; Minneapolis and San Diego, at 2.1 percent each; and New York City, 2.2 percent. Average apartment rents are forecast to rise 4.0 percent this year and 4.3 percent in 2014. Multifamily net absorption is projected to total 239,400 units in 2013 and 211,300 next year. The Commercial Real Estate Outlook is published by the NAR Research Division. NAR's Commercial Division, formed in 1990, provides targeted products and services to meet the needs of the commercial market and constituency within NAR. 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 78,000 NAR and institute affiliate members specialize in commercial brokerage and related services, and an additional 232,000 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. For additional commentary and consumer information, visit www.houselogic.com and http://retradio.com.
MORE >
Realtor.com® Expands Commercial Listings Content
MORE >
Want to Create Videos, But Don't Have the Hardware?
No video camera? No problem! Create original videos with your own photos, clips or just an idea More than 35 hours of video are uploaded to YouTube every minute, and with the motto of "Broadcast Yourself", it's hard to believe that anyone is left out of the YouTube experience. But the truth is, sites like YouTube do largely leave out people who don't have a video camera. That's changing with the beta launch of youtube.com/create, where anyone can use video creation sites Xtranormal, Stupeflix and GoAnimate to make personal videos or animations and post them directly to YouTube. Create original animations Creating animation can be pretty hard and often requires expensive software, but GoAnimate and Xtranormal Movie Maker let you create animated videos with just a text storyline. In minutes, you can make two bears discuss fiction-writing, or create your own cooking show parody. Use your own photos, clips and music to create dynamic videos Stupeflix lets you pull together your own images, clips and even maps into a dynamic video slideshow. You can tell a personal story or even make a jazzy promo for your craft company. Start creating! So give it a test drive. Here are some ideas: Create an educational video Reenact a scene from your favorite movie or play Create a digital 2010 year book, or a 2011 graduation video This is still early and we look forward to adding more sites, so check them out and give us some feedback in the comments section below. We look forward to seeing what you come up with! Stanley Wang, Software Engineer, recently watched "First Test on This...GoAnimate App on YouTube" and Shenaz Zack, Product Manager, recently watched "IT'S FRIDAY! (v2)" (created using Xtranormal Movie Maker) To try these out for yourself, visit www.youtube.com/create and click on each title to learn more, watch a tutorial and see video examples. You can make an original creation in minutes--and it's free (though some sites have premium services which you can access from their sites directly).
MORE >