News:
Brokerage
Posted: June 2, 2020
SIOR members share predictions of COVID-19’S lasting impact on commercial real estate industry
Washington, DC The Society of Industrial and Office Realtors (SIOR), the world’s premier organization for office and industrial real estate professionals, has developed a Snapshot Sentiment Survey to assess the impact of the COVID-19 pandemic on SIOR members’ current transactions as well as their level of confidence in regional markets six months from now. So far, two of these assessments have been completed, reflecting April 2020 and May 2020. SIOR plans to continue surveying members monthly for the remainder of 2020 and releasing the data via the organization’s website as it is calculated. The full report is available on the SIOR Thought Leadership page. CLICK HERE to view the full report.
The survey respondents shared some of the following key details:
- Status of in-progress transactions for industrial and office specialists.
- Overall market confidence and how it has trended from April to May.
- Office specialist’s level of confidence in their local markets in the coming six months and how it compares with their industrial counterparts.
- Insights into how brokers in various regions are faring and their predictions for the future, including their level of confidence.
- Differences in local market confidence between independent and large firm/network brokers.
“This survey offers the most complete look at how the world’s commercial real estate industry is navigating the COVID-19 crisis,” says SIOR president Mark Duclos, SIOR. “There has been a lot of speculation and discussion about what might be or could be taking shape, but this is the first time the best brokers in the business have weighed in to share what’s really happening and the confidence our professionals have for the industry several months from now.”
The Society of Industrial and Office Realtors (SIOR) is the leading society for industrial and office real estate professionals. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR designation. Today, there are more than 3,400 SIOR members in 685 cities in 38 countries.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
.gif)