As 2011 approaches, NAR’s Treasurer Bill Armstrong had some positive things to say about the state of the commercial RE market in a recent podcast. Market reports show that the average commercial deal’s price tag rose 27% to $1.4 million between 2Q and 3Q 2010. While 3Q sales were flat over year previous, they weren’t any lower – and leasing activity shows a bump of 4%.
As Bill mentioned, NAR is not letting any grass grow under its feet in Washington – taking up the cause to Congress including educating new members about the needs of the market and working “every angle possible” to loosen up credit and bring opportunity to every market.
In 2011, the effort has to be local as well as national – and that’s where you come in. As the commercial real estate professionals in your market, you can get mobilized too by taking advantage of your state and local REALTOR® associations. You can receive education, financial assistance and technical support. And you can manage issue campaigns to make sure the special needs of your market are being met by government and lenders. No two markets are alike, but NAR provides support for your market no matter where it is through our Issues Mobilization Program and Public Advocacy Program.
NAR’s Issues Mobilization Program helps REALTORs® promote public policy through a range of means including mobilization support, a process for managing the tricky task of advocacy and up-to-date information on Government Affairs.
Policy promotion during election cycles is supported by our Public Advocacy program, which is designed to influence voter perceptions on clearly identified federal issues and candidates by employing a variety of communication tactics. The program is intended to affect the legislative outcome of an issue in Congress and/or election results of targeted federal candidates without expressly advocating the support or opposition of that candidate.
Get involved in 2011 – to hear more about either program, contact Lisa F. Scott at 202-383-1270.