NAR’s Commercial Leading Indicator of Brokerage Activites for the second quarter shows a robust market, according to NAR’s latest figures, and the up trend is predicted to continue well into 2007. Now that explains the rising cost of office space in midtown Manhattan.
NAR’s leading indicator Index has been up 11 of the last 12 quarters. One area starting to slow, but still up, is commercial construction.
NAR claims 60,000 members specialize in commercial real estate. Quite a happy bunch.
As a commercial Realtor, I am happy to see someone blogging about the commercial markets. (I should do more of this myself - shame on me.) Thanks for the commercial love. Keep up the good work!
Thanks Brad. More to come.
Speaking of commercial real estate, I encountered a first-ever request today…a Seller (large developer) asked for me to send a “proposal” to list and market his outparcels. This may sound common, but in my 10 years of experience it’s a first. I have already sent my listing presentation, complete with marketing tools and fee structure. I have also already met the guy on-site and reviewed the parcels together. Now he wants a proposal…what does he really want? and how do I give it to him?