Commercial Real Estate

Mixed news for first quarter commercial market.Sales, prices and rental rates declined compared to a year ago but leasing activity rose from the previous quarter, including Illinois, which posted a 50 percent increase, according to the recent REALTORS® Commercial Real Estate Market Survey. 

REALTORS® offer Congress ideas to aid the commercial real estate market. Commercial real estate is facing a liquidity crisis and more needs to be done to boost lending, extend the terms of current commercial loans and develop a mortgage insurance program for commercial debt, said G. Joseph Cosenza, an owner of Inland Real Estate Group in Oak Brook, who testified May 17 before a Chicago field hearing of the U.S. House of Representatives Subcommittee on Oversight and Investigations. Cosenza testified on behalf of the National Association of REALTORS® and the Illinois Association of REALTORS®.

Commercial Resources

• Commercial State Legislative Report (August 2010) A recap of legislative action of interest to Illinois REALTORS® who specialize in commercial, industrial and investment properties.

• Commercial podcasts: Resources to recharge your commercial real estate business. Listen to this commercial podcast with NAR Treasurer Jim Helsel offering updates on issues affecting the commercial real estate industry and resources to help you boost your business this year. Subscribe to get the latest NAR Commercial updates and monthly podcast. 

• Commercial Webinars: NAR Commercial offers free monthly webinars that address a mix of topics ranging from sales techniques to marketing to negotiations.

• Does New Development Pay For Itself?  

• Field Guide to Breaking Into Commercial Sales

• Commercial Real Estate Leading Indicator

Commercial Properties:

• Location One Information System (LOIS) - This searchable economic development database provides information on buildings, sites and locations for businesses looking to expand.
• Commercial Real Estate Listings & Investment Properties
• CommercialSource.com - National Association of REALTORS® commercial property search.
• Commercial Information Exchange - Search the property databases of select local REALTOR® Controlled Commercial Information Exchanges (CIE).