Commercial Digest, December, 2018

Traffic Counts Added to RPR® Commercial Trade Area Reports RPR® is excited to announce that members now have the option to include traffic counts in RPR® Commercial Property and Trade Area Reports. The data will display actual historical counts as well as projected counts, which are based on the last published traffic count, local area trend data, and up-to-date demographic information.

DECEMBER HIGHLIGHTS

Impact of Tax Cuts and Jobs Act on Commercial Real Estate

The IRS and Treasury Department continue working to implement the 2017 Tax Cuts and Jobs Act reform bill through the regulatory process. Two sections impact commercial real estate: the Section 199A 20% Business Interest Deduction and the Qualified Opportunity Zones program. While the agencies have released proposed rules, final regulations are not expected until Spring 2019. Learn more about the tax reform bill and its impact on real estate at nar.realtor.

NAR Honors 79 REALTORS® with National Commercial Awards

Commercial practitioners from across the country were nominated by their local or state associations for outstanding achievements in the industry, brokerage, or community. See who’s in this year’s group of honorees and their accomplishments.

Marijuana and Real Estate: A Budding Issue

In states where medical marijuana is legal, 34 percent of commercial members have seen an increased demand in warehouses, 31 percent in storefronts, and 18 percent in land. Download this infographic and read NAR’s latest research on this growing topic.

Low Inventory Remains Member Concern in Q3 Market Report

In Q3 2018, investment sales were up, sales volume rose by 1.6 percent on a yearly basis, and cap rates moved sideways. Prices grew 1.4 percent year over year. Leasing activity trended upward, as vacancies experienced upward pressure.

Expand your International Business at MIPIM in France

Attend the world’s largest commercial development expo and conference next March to make new connections with business leaders, investors, and developers from all over the world. NAR hosts the USA Pavilion, giving you space to talk business. The NAR member discounted rate saves you nearly $1,000 on registration.

QUICK HITS

SUSTAINABILITY PRIORITIES: Three focus areas came out of the 2018 Sustainability Summit—social, economic, and environmental—where our association can integrate sustainability into the decision-making process at all levels (national, state, and local).

CCIM INSTITUTE: The question of the next commercial real estate finance disruption is not a matter of when, but how. CCIM Institute’s 4Q18 report—“Commercial Real Estate Finance Disruption: Déjà Vu or Something New?”—takes a deep dive into what to expect in 2019 and beyond.

CRE®: You can help a community or organization that owns property by recommending the Counselors of Real Estate’s public service initiative, The CRE Consulting Corps. It provides community leaders, school officials, and nonprofits with innovative solutions to real estate problems.

IREM: Solve problems and prevent mistakes with clean, precise property benchmarking data from IREM’s 2018 Income and Expense Analysis Reports. They’re perfect for property managers, asset managers, appraisers, assessors, owners and investors, and financial advisers and lenders.

REALTORS® LAND INSTITUTE: The annual National Land Conference is a can’t-miss for land professionals who are serious about growing their business, more confidently assisting clients, and closing more deals. If you are involved in any aspect of the land business, register today!

SIOR: Stay informed on office and industrial trends with the latest SIOR Report. Articles in the latest edition of SIOR’s dynamic quarterly magazine focus on topics such as the evolving paradigm in commercial real estate brokerage and effectively managing offices and technology.

COMMITMENT TO EXCELLENCE: Own Your Present. Empower Your Future. Commitment to Excellence is a new program that empowers you to evaluate, enhance and showcase your high level of professionalism. It gives you an advantage in an increasingly competitive market, and shows consumers that you are committed to conducting business at the highest standard. Get started!