Archive for January, 2016
In Iowa, the stability of the commercial real estate market gets indirect and direct economic boosts from the Iowa caucuses every four years, this is especially so in years where both parties are vying for a nomination. Years where this happens, as it is happening now, tend to encourage more candidates jockeying for position. When the presidential candidates and the media travel through the state, there is an increase of short-term rentals of offices provide a direct boost for commercial real estate sector as well as increased hotel bookings. Because of this activity, and the long duration of the Iowa caucus season, investors are rewarded with larger income opportunities. "We definitely get some income from the Iowa caucuses; there are no vacant spaces in our cities, and three presidential candidates are here every week," says 2016 Iowa CCIM Chapter President Christopher Bogenrief, CCIM, president at United Commercial in Sioux City, Iowa. read more here, MIL-TECH.com
Source: Leavitt Digital Leavitt Digital recently caught up with David Wilson, CCIM, who was recently elected into office as CCIM President for 2018 and asked Wilson to explain the CCIM Organization. If you are wondering what a CCIM is, you aren’t alone! Only six percent (6%) of all commercial real estate practitioners wear the prestigious CCIM pin and have gone through the extensive educational program to become a CCIM Designee. CCIM stands for Certified Commercial Investment Member. Based in Chicago, IL, the CCIM Institute is an affiliate of the National Association of REALTORS® and has approximately 13,000 members from 31 countries throughout the world. CCIMs are trained experts who can analyze opportunities to help clients make confident, informed choices. Employing a data-driven approach to commercial real estate, CCIMs guide clients’ real estate decisions using financial and market analysis skills, combined with their own experience and knowledge of local and national markets. With a CCIM, clients have access to an educated, deliberate process. Although many people think that the CCIM membership is made up of only brokers that could not be further from the truth. Brokers represent about 39% of CCIM’s membership – a substantial number, but one that is well balanced with many other industry leaders.
Commercial real estate had a big year in 2015. Preliminary figures of income-producing properties priced above $2.5 million show sales totaled nearly $504 billion, according to data compiled by Real Capital Analytics. These sales figures are likely to grow when final values are tabulated, but as it stands, that's the most in one year since 2007. See full article here.