Commercial Real Estate is everywhere: your local coffee shop, industrial park, downtown main street, and even the office where you work. NAR has a broad array of resources to help you provide the best service to your clients, and to be the best in your field. From education to advocacy efforts, from networking to property data – NAR works to help you be more profitable, while protecting the commercial real estate industry.
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NAR’s Quarterly Market Survey gathers information about the commercial transactions of REALTORS® and members of affiliate organizations (CCIM, SIOR, RLI, IREM, and the Counselors of Real Estate) and the opportunities and challenges facing commercial practitioners.
This report discusses the results from a survey about leasing conditions in the second quarter of 2020, capturing the critical period when almost all states implemented stay-at-home or shelter-in-place orders that ground business to a near halt, resulting in office, business, and recreational facilities closures and an unprecedented surge in unemployment.
Suburban office space acquisitions have been on the rise since 2017, but this trend may pick up as a result of social distancing and increased opportunity to work from home.
The retail property market is one of the most negatively affected commercial markets by the coronavirus pandemic and measures taken to contain it.