Commercial Archive

Rising Employment Boosts Office Space Demand

U.S. macroeconomic momentum slowed during the fourth quarter of 2015, buffeted by global economic slowdown and financial volatility. Based on the second estimate from the Bureau of Economic Analysis, real gross domestic product (GDP) rose at an annual rate...

Latest GDP (3rd Quarter 2015)

There is no consistency to be found with the GDP. After a solid showing in the second quarter, the third quarter performance fizzled. The housing sector is one of the few bright spots and consequently is holding up the...

Like-Kind Exchanges: Highlights from Illinois

Based on the latest data from the Bureau of Economic Analysis[1], the real estate industry accounted for $97.7 billion in Illinois. The figure accounted for 13.1 percent of Illinois’s Gross State Product. The figure includes real estate transactions—sales, leasing,...

New Faces in Commercial Real Estate

Recently commercial membership has seen demographic changes. New members joining commercial real estate contrast some characteristics of typical commercial membership. While commercial real estate is male dominated, we see this trend shifting when looking at those members with 2...

The Commercial Real Estate Sector: Some Interesting Facts

Size of the Commercial Building Sector The Energy Information Administration’s Commercial Building Energy Consumption Survey (http://www.eia.gov/consumption/commercial/) has recently provided updated estimates of total U.S. commercial real estate space. The types of commercial building transactions frequently handled by REALTORS®–office buildings,...