Commercial Real Estate

NAI Global Presents at Annual Global Market Outlook

As global markets continue to emerge from the economic downturn, recovery of the commercial real estate market will drive unfathomable flows of capital, according to executives at NAI Global. His remarks were delivered to a group of nearly 700 individuals from NAI Global firms and their clients yesterday at the NAI Global Market Outlook event in Beverly Hills, CA. Presenting at the event was Jay Olshonsky, President of NAI Global and Mauro Keller Sarmiento, NAI Global Executive Managing Director of International Business. The keynote speaker was Dr. Peter Linneman, and the presentation was opened by special guest Richard Ziman, Founding Chairman of Rexford Industrial Realty, Inc. and Founding Member of the UCLA Ziman Center for Real Estate.

(Pictured left to right: Mauro Keller Sarmiento, Dr. Peter Linneman and Jay Olshonsky)

NAI’s findings concluded that steady US job growth continues to drive economic recovery and its impact is evident on the global commercial real estate market. The most telling economic indicator for most commercial real estate markets remains the proportion of lost jobs recovered to date, and when lost jobs are 100% or more recovered, real estate space demand is roughly back in balance

(Pictured Left to Right: Michael Zugsmith, Michele Stein and Rachel Howitt)

NAI also found that diverse economic circumstances continue to exist across the US, ranging from strong job growth in Houston to struggling in Los Angeles. In December 2013, Minneapolis, Austin, Washington, D.C., Fort Lauderdale, Seattle, and Durham, were the only US markets that showed particularly durable job growth. The next best-performing markets include Long Island, Kansas City, Raleigh, and Orange County, while Atlanta, Cleveland, Philadelphia, and Miami lag far behind.

Finally, in the US, NAI concluded that the office sector is showing growth in urban core properties, but the suburban office market continues to grow due largely to job growth and the desire for access to quality public schools. The US retail market is driven by internet sales, which account for eight percent of total retail sales, up from three percent 10 years ago. Brick and mortar stores haven’t lost ground, but haven’t grown, and plenty of inventory still exists.

(Pictured left to right: Bill Kiefer, Brian Childs, Michael Zugsmith, Jay Olshonsky, Bob Scullin, and Dr. Peter Linneman)

NAI Global Featured in CCIM’s March/April issue of Commercial Investment Real Estate Magazine

In the most recent edition of CCIM’s Commercial Investment Real Estate Magazine, Jay Olshonsky, President of NAI Global, was featured discussing the importance of CCIM education and the benefits of a CCIM designation. The CCIM designation is a professional designation awarded by the CCIM Institute upon completing the required courses offered by the CCIM Institute. Currently, more than 9,500 individuals hold a CCIM designation and approximately 4,000 candidates are in the process of pursuing it.

NAI Global considers CCIM education as a vital component to the professional development structure for its worldwide independent and owner-operated network. What separates CCIM education from other commercial real estate education programs around the world are their instructors, all of whom are active industry practitioners with decades of experience and expertise in the continuously changing global real estate market. “They bring market insight, real-world experience and the best practices to their courses. When they teach the courses, they demonstrate how the concepts can be applied to specific properties and situations,” notes Olshonsky.

NAI Global members who have earned the CCIM designation have a distinctive competitive advantage in the marketplace over their competitors. Olshonsky states “The designation assures potential clients that we have a common platform for training and education, which provides a high level of consistent service delivery from market to market.” The skills and practices learned through CCIM’s CI 101 and CI 102 courses are the most useful for providing a foundation for success in commercial investment real estate. “CCIM courses give our members a clear advantage. In-depth market knowledge augmented by an ability to analyze trends and cash flows provides clients with a powerful resource in NAI brokers that hold the CCIM designation,” Olshonsky concluded.

Click here to read the full article: http://www.ccim.com/