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Te Voice for Real Estate
NatioNal associatioN of RealtoRs
Commerca
Member Profe2012
Te Voice for Real Estate
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NAR RESEARCH STAFF
Office of the Chief Economist
lwrn Yun, Ph.D.
Chief Economist and Senior Vice President
crn Vn Hn
Senior Research and Strategic Planning Coordinator
Survey and Market Research
Pu c. Bhp, Ph.D.
Vice President
sphn Dv
Staff Assistant
Kn fr
Manager, Regional Economics and Finance
Dn H
Director of Housing Statistics
J luz
Manager, Member and Consumer Survey Research
Quantitative Research
Jd smh, Ph.D.
Managing Director, Quantitative Research
sh crrn
Research Economist
Mh HymnResearch Assistant
Grg Ru
Manager, Quantitative Research
Business Operations and Communications
thm Dy
Director of Research Marketing and Communications
Mrdh Dunn
Research Communications Representative
2012 OFFiCERS
President
Maurice Moe Veissi
President-Elect
Gary Thomas
First Vice President
Steve Brown
Treasurer
William J. Armstrong, III, GRI
Immediate Past President
Ron Phipps, ABR, CRS, GRI, GREEN, e-PRO,
SFR
Vice President & Liaison to Committees
D.J. Snapp
Vice President & Liaison to Government Affairs
Scott Louser
Director of REALTOR Party Activities
Tom F. Salomone
Chief Executive Officer
Dale Stinton, CAE, CPA, CMA, RCE
NAR COMMERCiAl lEAdERSHiP
Commercial Liaison
H. Blaine Walker, CRB, GRIRCA Committee
Commercial Committee Chairman
Randy Scheidt, CCIM, GREEN
Vice President of Commercial Real Estate
Jan Hope
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Naina Aciain f ReAltoRs | Cmmrcia Mmbr Prfi 20124
Introduction
enm vy d n 2011 wh mdry
pv prrmn, drvn by nrd numr
nd bun pndng. Bd n h Buru
enm any m, gr dm prdu r 1.7prn n 2011. cnumr pndng prvdd muh-ndd
b h yr-nd y wh bun pndng nrd
8.8 prn. N xpr hd dy wh gvrnmn
xpndur urnd ngv, drvn by rg u v.
fr numr, 2011 w yr nnud hgh
unmpymn, rng nd gnn wg. spndng
n gd upd pndng n rv by wd mrgn.
cnumr ud hr dr n durb gd, py
vh. th vrg g U.s. vh n h rd rhd
rrd hgh 10.8 yr, puhng m numr n nw purh.
fr bun, h yr prvd b mxd ry. on n
hnd, rpr pr rhd rrd hgh, xdng n
rn dr. a r dr prmpd w nrnn
rd, hpng h gp bwn xpr nd mpr.
on h hr hnd, wk numr dmnd upd wh n
unrn rgury rmwrk, kp mpn vr rgr
mun h rrv n h dn. in urn, pyr
mpymn rmnd mud nd bw hr vrg.
th nd 2011 nd h r mnh 2012 prvdd upb
nw r mpymn. th urh qurr 2011 rrdd
n 447,000 pyr jb, whh mpnd h 676,000 n
pyr jb ddd h nmy n h r qurr 2012.
in pv dvpmn r mmr r , rv
ndurprn nd bun rv, dun
nd hh, nrmn, nn v nd ur/
hpywr rpnb r h mjry h gn.
in ddn, h r qurr 2012 w h unmpymn
r dn 8.2 prn rm 8.9 prn n h m prd
2011.
in gh h brdr rnd, numr mbrd h nd
2011 nd r 2012 wh uu n pmm. th
w mn mur numr ndn nd nmn
bh hwd mprvmn. Hwvr, nrn vr hdrn h br mrk rmnd nrn, ng
ng hdw vr h nm uk.
Rnng wh rnghnng nmy, mmr r
mrk urnd h rnr. Dmnd bzd n
2011 nd xpd grw n 2012 r prpry yp
in urn, vny r r dnng nd rn r pd
dvn. Wh rng huhd rmn nd gh uppy
h prmn r py w pnd r 2012
aprmn vn r hvrng rund h w prn
mrk n rng mrk nd rn r xpd grw 3.8prn n 2012 nd ur prn n 2013.
invmn vy prjd dvn vb
p nnu und n rh rurn. Bd n d
rm R cp any, mr hn 13,000 mjr prpr
rdd hnd durng 2011, ng $205.8 bn n . in
, nvmn n mmr r nrd wh h
uv qurr yr: rm $35.1 bn n durng
h r qurr 2011, $51.3 bn n h nd qurr
$54.3 bn n h hrd qurr nd $65.0 bn n h n
qurr. th nnu gur rprn 51 prn nr
rm 2010.
Wh rpr pr rrd hgh, mjr nm nr
k Whngn, D.c., Nw Yrk, Bn nd sn frn
hv bn rv nvmn rg. in ddn, wh
dnng p r r rphy prpr, nvr urnd h
nn wrd b ndry mrk, whr rurn
prvd mr ppng.
2012 Commerca Member Profe
Jessica Lautz T.J. Doyle
George Ratiu Meredith Dunn
May 2012
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5Naina Aciain f ReAltoRs | Cmmrcia Mmbr Prfi 2012
Busness Actvty of NARs Commerca MembersHighlights
cmmr mmbr NaR hv xpr n wd
vry rnn r mny prpry yp.
thrugh dun nd nwrkng pprun
rd by h NatioNal associatioN of RealtoRsnd d mmr nu, nd un,
mmbr r b gn knwdg, dvp xpr nd
rv n wh rng mmr r nd.
th 2012 NatioNal associatioN of RealtoRs
cmmr Mmbr Pr drb h bun,
dmgrph nd nrmn nd h mmbr.
Business Characteristics of NAR Commercial
Members
n fy-gh prn mmr mmbr rprd hvng
brkr n. an ddn 28 prn rprd hvng
gn n.
n fry prn rpndn r mmbr ny
vr mmr d nu, un r
.
n invmn r h m d prmry py
mmr mmbr nd h p rnkd ndry
py r.
n cmmr mmbr ypy hv bn n r
r 24 yr, n mmr r r 15 yr, nd
mmbr NaR r 15 yr.
Natona Assocaton of REAlTORS
Business Activities of NAR Commercial Members
n cmmr mmbr mpd mdn vn
rnn n 2011h up rm 2009 nd 2010
whn h yp gn hd v rnn.
n th mdn rnn vum n 2011 nudng
h whu rnn, w $1,058,300. Whn h
wh hd n rnn r xudd rm h mdn
un h mdn rnn vum w
$2,010,500.
n in 2011, 22 prn mmr mmbr hd n
rnn wh vum nd 34 prn hd n
ng rnn.
Business Revenue and Firm Affiliation
n th mdn gr nnu nm mmr mmbr
w $86,000 n 2011. th mdn gr nnu nm
mmr mmbr h nrd r h p w
yr.
n twny-gh prn mmr mmbr pnd
hn 50 prn hr m n mmr r .
n sxy-ur prn mmr mmbr NaR
drvd 50 prn r mr hr nm rm
mmr r n 2011.n fy-x prn mmbr wrk r mmr
r rm.
Demographic Characteristics of NAR Commercial
Members
n th mdn g mmr mmbr 57 yr d.
n Wh hr r mr m prnr nrng h
d, h mjry mmr mmbr r m76
prn.
n sxy-x prn mmr mmbr hv
bhr' dgr r hghr.
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49Naina Aciain f ReAltoRs | Cmmrcia Mmbr Prfi 2012
Natona Assocaton of REAlTORS
Methodolgy
in fbrury 2012, NaR nvd rndm mp 56,683
RealtoRs wh n nr n mmr r
u n nn urvy. a 2,499 rpn wr rvd
r n vr rpn r 4.4 prn. a nrmnn h rpr rprnv mmbr hrr n
2012, wh nd rnn vu nd nm r
hrr ndr yr 2011.
th NatioNal associatioN of RealtoRs mmd
qu ppruny n h r ndury. in rdn
wh h mmmn, r nd hn nrmn w
d nd nudd n h rpr.
th prmry mur nr ndny ud hrughu h
rpr h mdn h mdd pn n h drbun
rpn prur qun r, quvny, h pn
whh h h rpn r bv nd bw prur
vu.
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th NatioNal associatioN of RealtoRs, th V r R
e, amr rg rd n, rprnng 1.1
mn mmbr, nudng NaR nu, nd un,
nvvd n p h r ndury. NaR mmbrhp
nud brkr, pp, prpry mngr, pprr,unr nd hr nggd n bh rdn nd mmr
r .
th rm RealtoR rgrd v mmbrhp mrk
h dn r prn wh mmbr h
NatioNal associatioN of RealtoRs nd ubrb
r cd eh.
Wrkng r amr' prpry wnr, h Nn an
prvd y r prn dvpmn, rrh nd
xhng nrmn mng mmbr nd h pub nd
gvrnmn r h purp prrvng h r nrpr ym
nd h rgh wn r prpry.
NATiONAl ASSOCiATiON OF REAlTORS
COMMERCiAl REAl ESTATE diViSiON
NaR cmmr rprn h v mmr r
nun NaR, nudng h d mmr mmbr
h cciM inu, h cunr R e (cRe), h
inu R e Mngmn (iReM), h RealtoRs lnd
inu (Rli), nd h sy indur nd o RealtoRs
(sioR). NaR cmmr wrk rv h nd ur
mmr prnr mmbr nd hp nd uny h
mmr r ndury hrugh h dvpmn
vub prdu nd rv, hngy nv, pub py
dvy, dun, rrh nd g ny.
www.RealtoR.rg/cmmr
www.cmmrsur.m
NatioNal associatioN of RealtoRs
430 Nrh Mhgn avnu
chg, il 60611- 4087
1-800-874-6500
Wb : www.RealtoR.rg
REAlTORS Commerca Aance (RCA)
th RealtoRs cmmr an (Rca) h mmr dv
n h NatioNal associatioN of RealtoRs. th Rca rp
rn h v mmr r nun NaR
nudng h d mmr mmbr h cciM inu, hcunr R e (cRe), h inu R e Mng
mn (iReM), h RealtoRs lnd inu (Rli), nd h sy
indur nd o RealtoRs (sioR). th Rca wrk rv h
nd ur mmr prnr mmbr nd hp nd uny
h mmr r ndury hrugh h dvpmn vu
b prdu nd rv, hngy nv, pub py dv
y, dun, rrh nd g ny.
CCiM insttute (CCiM)
th cciM inu h nrrd h crd cmmr
invmn Mmbr (cciM) dgnn n 1969. Prn
xprn rqurmn nur h cciM kd n bh hry
nd pr. th inu r dun, nwrkng nd h
pr. cn cciM 800-621-7027 r hp://www.m.m
Counseors of Rea Estate (CRE)
th cunr R e n nrnn nwrk
mmr prnr wh prvd dv n n mpx
r prpry un nd nd-rd u. cRe dgnd
mmbr hd prmnn pn n r , nn, g nd
unng rm, w n gvrnmn nd dm. Mmbrhp
xndd by nvn ny n hr pnrd r -nd
b. cn cRe 312-329-8429 r hp://www.r.rg
insttute of Rea Estate Management (iREM)
th inu R e mngmn prvd rnngnrmn, rrh, ny nd pr dv r h wh
mng nm-prdung r yp rr v
th inu wrd dgnn crd Prpry Mng
(cPM), h ardd Rdn Mngr nd h ardd
Mngmn orgnzn (aRo). cn iReM 312-329-6000
r hp://www.rm.rg.
REAlTORS lan insttute (Rli)
a rgnzd xpr n nd, Rli mmbr pz n rm nd
rnh; undvpd r nd; rnn nd dvpmn
nd; ubdvn nd whng ; nd n nd
mbg. Rli h wrdd h ardd lnd cnun (alc
dgnn grup vr 1,000 nd p n 1944cn Rli 800-441-5263 r hp://www.rnd.m
Socety of inustra an Offce REAlTORS (SiOR)
th sy wrd h sioR (sp, indur & o R
e) dgnn brkrg p wh m r
xprn, rnn, dun nd h ndrd. Rpn
h dgnn r rgnzd whn h mmr brkrg
ndury h m xprnd nd pb prnr. on
h dng mmr nd ndur r n, h
sy h 2,300 mmbr n 450 n 20 unr. cn
sioR 202-737-1150 r hp://www.r.m